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March 17, 1900.] -
CHINA AND MANILA STRAM-SHIP COMPANY, LIMI (ED.
The following is the report for presentation to the shareholders at the seventeenth ordinary general meeting to be held at the office of the General Managers on Saturday, 24th Maroh, 1900, at 12 o'olook noon.
Annered we beg to submit to shareholders the usual annual statement of accounts for the year ending Sist December, 1899.
"The net profit, including the balance from last year, amounts to $95,013.28 which it is pro- posed to deal with as follows, vis :—-—-—-—- To place to reserve fund
...$35,000.00
CHINA OVERLAND TRADE REPORT.
THE QUEEN MINES, LIMITED.
The following is the report for presentation to shareholders at the first ordinary meeting to be held at the Company's Offices, 39 and 40, Queen's Road, Central, on Thursday, the 22nd day of March, 1900, at noon.
To the shareholders of Queen Mines, Limited, Gentlemen,--We beg to lay before you the report and statement of accounts for the year anding the 30th November last :
The sum of $18,962.55 has been expended on the Mine, which amount standa at debit of development account as an asset, $7,036.27 on one third share of a new and up to date air To pay a dividend of 20 per cent. 60,000.00 | compressing plant and rook drills, the remaining To carry forward to next year's ao-
two-thirds having been paid by Olivers Free- count...
hold Mines, Limited, $1,303.88 in preliminary and legal expenses in Hongkong and $8,598,01 on salaries, management and general expenses in Australia, or $85,900.71 out of a total of $38,719.61.
+4
1,013.28 The now steamer, Diamante, arrived here on the 5th April, 1999, and has since run regularly on the line, proving herself well adapted in every
way to our requirements.
The result of the twelve months' working will doubtless be found very satisfatory by shareholders especially when it is considered how severely the export trade from the Philip pines suffered during the year from the closing of the ports in consequence of the rebellion there.
CONBULTING COMMITTEE,
Inaccordance with the Articles of Association, Mesars, Gillies, Biebs, Lewis and Showan all retire, but offer themselves for re-election.
SHEWAN TOMES & CO. General Mangers.
!
PROFIT AND Loss Account Pon thn Ynam 1899. Donation to "Sailors' and Soldiers' Familier'
During the year all work done has been at the bottom or 405 feet level, where a total dis- tance of 204 feet has been driven, 111 feet north, and 93 feet south. Two winzes have been sunk and at the end of the year one was down to a depth of 60 feet and the other to a depth of twelve feet, but the appearances not being at all encouraging in the latter it was discontinued; the former is still being anak.
The mine and machinery generally are in good working order.
JOHN D. HUMPHREYS & SON,
General Managers.
BALANOR SEENT, FOR THE YRAN MNDING SÖTR NOVEMBER, 899.
LIABILITIES.
Capital account-100,000 stares at 25 cents
Bach ksson .ts payable
100,000.00 110 99
$102,110.99
CORRESPONDENCE.
[We do not hold ourselves responsible
opinions expressed by our corris
188
THE CHINESE AND THE EMPRESS DOWAGER.
[ We have ventured to cut out a few "unpar- liamentary" expressions which do not affect the sense of the following letter but otherwise wO print it verbatim as we have received it.]
TO THE EDITOR OF THE HONGKONG
WEEKLY PRESS,'
Hankow 3rd, March, 1900. Dear Sir,-You were kind enough to insert in your widely circulated paper the letter you have received from our compatriots in the South. We in the North, therefore, again venture to approach you and respectfully beg you to be kind enough to grant us sufficient space upon the same subject.
LIBERTY, FREEDOM and REFORM in their letter suggest a great deal and promise much, without, however, explaining how these may be achieved.
If a Revolution must take place, in order to enable the multitudes of China to shake off the yoke of, and wipe out the disgrace brought on to them by, the present Dynasty, then the sooner it takes place the better.
But, before the Standard of Freedom is hoisted, everything necessary to insure success must also be ready-principally funds, provi sions, clothing, arms and ammunition, in fact everything, to conduct a successful campaign. It is very important that everything must be honestly paid for. There must be no repeti. tion of the atrocities committed by the laders and the ruffians they employed during the late The disreputable section ..Taiping rebellion. 27,000.00 | of the Chinese must on no account be all wed to join the ranks. Foreigners possessing mili- tary training ought to be asked to assist; there are many who have served in the Chinese army, and know the Chinese thoroughly, and are will- ing, if requested, to do what is right sad proper under the circumstances.
Fund"
..
500.00
Loss on investment in shares
2,026.60
Loss on stores
208.30
Consulting Committee
2,000.00
Anditors' feer
400.00
Charges account
1,08.53 3
Amount written off for depreciation, 1897 Balance
25,911.58
ASSETS.
$
96,013.23
Cost of property
1/3rd cost of air compressing plant $7,036.27 $128,568.14 | Fixed plant
5,995.63
0.
Development
407.27
Stores on hand
Balance brought forward from 1898
Prolt on working of steamers “Esmeralda,"* "Diamanta," "Tailes" and "Nanyang"
Interest
Exchange
Amount transferred from bad and doubtful
debts
Olivers scrip-2,000 A shares at $5
126,473,53 | Cash in Hongkong à S'hai Bank $18,295.81
Balance at doblt of working account..
1,080.11 583.27
Cash in Australia Cash in hand
28.91
$128,568.14
BALANOR SKIFT.
LIABILITIKA
Capital, 6,000 shares at $50 paid up
Reserve fund
Underwriting account
Bundry creditors
Due to General Managers
Balines of profit and loss account
&MENTS.
30th Nov., 1899.
1
WORKING ACCOUNT.
Dr. To cost of milling and assaying
1,901.96 50.06
$ Q. 800,000.00 66,00 0,00
To general charges in Australi............. 9,923.26
To travelling expenses and telegrams 65,631.20 To application fees and rent of gold leases 14,203.66
To Australian management....... $6,013.28 | To General Managers' foos
Te preliminary expenses
$540,721.40 | To offios charges in Hongkong
To exchange
30th Nov., 1899
Cr.
By gold account, proceeds of gold won 8503.79 By royalty on gold won by tributers 336.46
Value of Company's steamers
* Memeralla ” and “ Diamante" 235,911.88
Less depreciation written off
25,911,58
$10,000.00
Vaine of buoys and moorings at Hongkong -
100.00
Value of coals on hand
1,580.00
Value of stores on hand
653.75
Premium value of unexpired policies
10,859.61
By rent of cottages, de.
Outstanding freight, 1899
51,979.86
By interest
Bundry debtors
57,414.08
By transfer foon
By balance
1,893.62
$340,T21.40
Hongkong & Shanghai Banking Corporation 106,286.60 Cash in hand
|
18,031.00 15,962.55 1,217.06
10,000.00
20,347.13 11,651.25
8102,110 99
905.71
It is no secret that the foreign-dr fled troops on the Yangtze and in the Province of Chikli are ready and quite sufficient to cope with any hordes that the Empresss and her supporters may pitch against them. The Navy, or what is left of it, is` with us, and will no doubt do its best to obtain the desired liberty and freedom for the Chinese people. It is freely asked why 100.24 the Foreign Governments h Id any intercourse 1,128.76 with the Barbarian olique, who offer large intend to pay them) rewards (but never 1,196.77 for the murder of Political Refugees residing 4,666.69
in foreign countries friendly to China. The 2,686.68 1,308.88 recent arrest of Mr. King, a much respect- 97.64 | ed and well known Chinese gentleman, plainly 18.60 shows that a baud of hired assassins have been let loose, to murder anyone belonging to the Reform party. Another disgraceful ediot, or dering the much lamented Genersi "Gordon's head-coolie, the present Viceroy of Canton, Li Hung-chang, to ascertain the whereabouts and efface what now remains of Kang Yu-wei's su- cestral graves, is a true barbarian procedure. 121.58 Could anyone blame us if “it is hoped, at no 16,50 | very distant date,” some of us should propose 11,851,25 | to efface all traces of the graves of the present Dynasty. We may safely promise that the $12,714.79 | majority of us will decide to allow the graves remain as they are, with perhaps one exception, which shall never be allowed to poison the soll of the Flowery Land..
$13,714.79
..
749.25 182.21
Į
The Siam Observer gives a delightful picture
People seem" it says, This flend of a woman and those profligates The following law has been promulgated by of country life in Siam. the Governor-General of Formosa with regard to have been enjoying themselves in Muang she is surrounded by, have the blond of many to the control of the land in the native districts Non district. During January they had innoceut people, not only Ühinese, but foreign- ers too, missionarios, their, wives and children, of the island :-"No person other than the only eight cases of murder there and the trea aborigines of Formosa, no matter under what surer of the fund for the establishment of the on their heads; vide Report of Kuching Mas« name, shall be allowed to occupy and use any local schools bolted with all the available cash. sacre--all a faros. We are able to prove that-all these erimes were instigated by her, afterwarda part of the ground in the native district, nor In February there were only two murders so make such ground the subject of rights. This there is yet some hope for the district. Our and blamed or shifted on to Secret Societies. The Law shall not apply to cases where provisions correspondent there writes that the Acting Secret Societies are not hostile towards Mission- are otherwise made, or to cases where the Governor, Phra Siam Non Ket, contemplates aries; on the contrary. An honest official will in approval of the Governor-General has been cutting a new road from Bangtanowsi to Pak- every case be denounced because he isn trying to obtained. The_violation of the preceding | ret, but this will cost about $0,000 ticals and | do what is right and just, whereas he who olause 8 sall be followed by a fine of from 5 yen to the Acting Governor can find no one to whom proves hims If an adept in the art of prevarica- 100 yen, or imprisonment for a term of between | to entrust the work. Up to the present he han ́ting and binokmailing in sure to be rewarded. 11 days and 6 months.”
not been able to catch any of the murderers."
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Ons of her olique, Buen, of ertion” mill -famej
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