[
October 24, 1895.]
Mr. A. G. MORRIS-I have much pleasure in proposing the re-election of the auditors, Messrs Fullerton Henderson and A. Coxon.
Mr. C. 8. SHARP seconded. . Carried.
The CHAIRMAN-That, gentlemen, concludes the business of the meeting. I thank you for your attendance. Dividend warrants will be issued on Monday.
HONGKONG, CANTON, AND MACAO STEAMBOAT COMPANY,
LIMITED.
An extraordinary general meeting of the Hongkong, Canton, and Macao Stenfiboat Company, Limited, was held at the offices, 18, Bank Buildings, on Wednesday, at noon. Hon. E. R. Belilios presided, and there were also present-Hon. J. J. Bell-Irving, Messrs. F. A. Gomes, J. Kramer, N. A. Siebs, Poon Pong (Directors), C. Tomlin (Acting Secretary), J. H. Cox, A. Denison, A. C. S. Manners, Captain Radclyffe, E. J. Moses, G. Sharp, 8. B. Benjamin, A. Fukeera. Woo Hon, Wong Ping Lam, Chun Chai, Lee Shing, and Chun U Fai, The ACTING SECRETARY read the notice convening the meeting.
The CHAIRMAN said-Gentlemen, I move that the following resolution passed at the extraordinary general meeting held on 30th September last be now confirmed:
That the capital of the Company be reduced from $1,600,000, divided into 80,000 shares of $20 each, to $1,200,000, divided into 80,000 shares of $15 each, and that such reduction be effected by returning to the holders of the 80,000 shares which have been issued capital to the extent of 85 per share and by reducing the nominal amount of all the shares from $20 to $15."
Mr. J. H. Cox seconded, and the resolution was carried unanimously.
The CHAIRMAN-Gentlemen, steps will at once be taken to carry this resolution into effect. I may remark that our solicitor advises that it is impossible to say what time will elapse before the return of capital may be made; it will not be less than three months, it may be as long as ix months. That is all the business and I thank you for your attendance.
DOUGLAS STEAMSHIP COM- PANY, LIMITED.
CHINA OVERLAND TRADE REPORT.
Mr. MORRIS-Yes, of course, the articles of association will have to be altered, and if you had not mentioned that you intended to pay a bonus of 812 I should not have made any
remark.
The CHAIRMAN We have given very care ful consideration to the question and have come to the conclusion that it would not be advisable to pay more. Į
Mr. MORRIS-Then it will be necessary to bring the views of the shareholders before the directors.
The CHAIRMAN-Yes, you can do that. I now beg to propose- "That the full stop at the XIX af the articles of association be
itted and that there be substituted therefor the words or in or towards the payment to the shareholders of such bonus or bonuses as the General Managers shall with the approval of the Consulting Committee think fit.'”
Captain TILLETT seconded the resolution. Carried.
The CHAIRMAN-A confirmatory meeting will have to be held as soon as possible. In the meantime I shall be very glad to have the views of the shareholders in regard to the question of the bonus.
Mr. MORRIS-Do you wish me to put the views of the shareholders in writing-to state the amount of the shares I represent P
The CHAIRMAN-That would be more satis- factory, certainly. That concludes the business of the meeting, gentlemen. I thank you for your attendance.
7
RAUB.
weeks ending 2nd October, 1895, runs
The Mining Manager's report, for the five
follows:-
BS
|
809
different mines-Ranb Hole No. 2 shaft Western Lode, and Bukit Koman the average yield being a little over 9 dwts. 8 grs. per ton. After effecting some small repairs to machinery, crushing was resumed again on Tuesday afternoon, the 24th September, and nas continued steadily since.
Railway-Fair progress is being made with aying the rails and ballasting the line. The rails are being laid as fast as they come forward and I hope to have the line in running order as far as Bukit Koman by the end of next week Fair progress is being made with the hopper for holding ore to fill the railway trucks from. The tramway connecting the engine Bh the hopper is well on the way the tramway 40 ft. above the bottom of the hopper.
to have the whole thing completed by the time the line is in
running order.
sooner this is com pleted the better, as the
looks won't stand the work much longer; in 174
no cattle will stand the constant work these damals have to do in a climate like this.
Raub Hole, No. 2 Shaft.-The sinking of this shaft is now completed to a depth of 101 ft. below the 120 ft. level. We have opened out at 96 ft. and have cut a plat 9 ft. by 7 ft., gradually bringing it in to 7 by 5, 20 ft. in from the shaft. This is now in 18 ft. to the west. I expect to have to drive 60 to 70 ft. before cutting the lode, which I hope to complete in about five weeks' time. I have started to sink the winze to connect the 120 ft. level with that going in from the bottom; it is now down 5 ft., and I hope to have it down and connected with the bottom level by the time the level gets under it. Stopes.-There are three faces at work in the south end on a lode from 3 An extraordinary general meeting of the inches to 12 inches wide which shows fair gold. Douglas Steamship Company, Limited, was Bukit Koman-The engine shaft is now held at the office of the Company, Praya Cen- down close on 90 ft. below the 146 ft, level, and tral, on Monday, at noon, for the purpose of pass- I hope to have it down the required depth in two ing a special resolution. Mr. J. H. Lewis pre- or three weeks. There is no change in the sided, and there were also present. Hon. J. J. ground, which is still hard blasting slate in- Bell-Irving, Messrs. R. Shewan, A. Ross, D. tersected by quartz leaders. Stopes.-The work R. Sassoon (Consulting Committee), V. H. of extending these is proceeding steadily. As Deacon (Solicitor to the Company), W. Parfitt we go south, the shoot of ore is gradually rising (Secretary), J. R. Michael, A. G. Morris, T. I. with the hill and is now about 25 feet above the In the face Rose, H. Crawford, A. Tillett, J. D. Hutchi-level 120 ft. sonth of the crosscut. son, D. E. Brown, C. Georg, Captain Hall, J. going north the lode is fully 18 feet wide. At 10 ft. over the back of the level, from the north H. Cox, H. Brodersen, and Ho Fook.
to the south face, it is now about 350 ft. long, and the lode will average 15 ft. wide, almost all of which is being sent to the mill for crushing. The work of clearing away the fall and securing the ground is steadily proceeding. The bulk of the crushing stuff for the mill is being sent from here.
The CHAIRMAN said-Gentlemen, when sub- mitting the report and accounts at our last annual general meeting I mentioned that the articles of association did not allow of a larger return to shareholders, after due provision for depreciation of the Company's properties, than it was then proposed to pay, viz., 12, per cent. After carefully considering the position, the Western Lode.-Stoping between the north general managers and consulting committee, and south air shafts is steadily proceeding, the with the advice of the Company's solicitors, re-lode being from 1 to 10 ft. wide, and will average commend the addition of a short clause to para- about 4 ft. Very fair gold can still be seen in graph 1, article XIX. of the articles of associa-breaking the ore. I have opened out on a body tion, which, if passed and duly confirmed, will permit of the payment of a bonus to shareholders from time to time when the profits and circum- stances render it advisable. I think this will meet the views of shareholders and before proposing the special resolution I have only to add that, provided it be passed and confirmed in proper course, it is the intention to pay a bnuso of $12.50 per share to shareholders.
Mr. MORRIS-I think I am speaking for the body of the shareholders here, and it would meet their views if a bonus of $15 was paid.
The CHAIRMAN-That is a question for subsequent consideration; we shall have to alter the articles of association in any case.
of stone about 18 in. wide going north in the north air shaft in which a little gold can be got. This is 40 feet west of our, main workings. I have stopped for the present the drive going south from this air shaft; there is about 2 ft. of stone in the face of the drive in which a little gold can be got by mortar crushing, but it is not payable.
The
*
of
General. There has been a good dea. ness in the camp of late, no less than the sick. the European staff having to be invalided sent away last week, I attribute this to the hot rainy weather we have been having for some time.
WM. BIBBY.
Battery-A general clean up of this took place at the beginning of last week, when the total yield for the twelve weeks run was 1,346 oz. 18 dwts. 0 grs. smelted gold from 2,875 tons. About twenty-four hours were lost owing to not being able to cart sufficient stone to the mill. The following are the proportions crushed from the
The Singapore Secretary of the Raub Austra lian Gold Mining Co., Limited, has received the following telegram from Raub --"Raub, 16th October, 1895. First railway in Pahang, Raub to Bukit Koman, opened to-day. Loc0- motive now being used to haul quarts to battery and transport by bullock cart stopped. Every- thing satisfactory."
SIX MONTHS AMONGST THE
PIRATES
M. LYAUDET RELATES THE EXPERIENCES OF HIMSELF AND FAMILY.
The Courrier d'Haiphong of the 14th October publishes the report of an interview with M. Lyaudet, in which a graphic account is given of the experiences or that gentleman and his wife and little girl while they were in the hands of the pirates.
In the first place M. Lyaudet confirmed the accuracy of the reports of the capture published in April, with the exception of some unimportant details. The pirates, it seems, had only one sampan, instead of two, and they did not number more than from twenty to twenty-five men. The capture occurred on the 24th April.
j
"When we were awakened," said Mr. Lyandet, "about ten o'clock at night, we found ourselves already surrounded and in the hands of the was useless and would pirates. Resistance only have resulted in our murder. I threw away without firing it the revolver which I hadat hand. Our impression was one of stupor- furious ories, the awaking in the midst of semi-nude men who carried as off and bundled us into a sampan-it was like a horrible night- mare. Once in the sampan some of the pirates literally sat on us in order to prevent our mak- ing the least movement. Others, who held their carbines pointed at us, would have. fired on the first cry. When in doubling the point the sampan crossed the bows of the Fluviales boat at a distance of two hundred meters it was impossible for us to cry for help."
At daybreak on the 25th April low lying land appeared and at the month of a river was a Chinaman with two buckets drawing water, who no doubt was there by arrangement to give information, for after the pirates had exchanged a few words with him they disembarked. Al- most immediately, after passing the telegraph line, they entered the jungle, and under a scorch- ing sun, barefooted and without head-covering, the captives. had to tramp until midday.'~: At the summit of a treeless hill was a sort of shelter, where they passed the night. From this hill a view of the entire neighbourhood was. - obtainable and the chief of the band pointed out Port Wallut in the distance. During the night, as often happened afterwards, they bot out for the next halting place. The day of st
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