THE HONGKONG WEEKLY PRESS AND
222
Gabbay under date 1st November, 1899 (your | No. 5. enclosure No. 1), is incomplete, inasmuch as the signatories are not stated, and that the names appended to the requisition of the 11th inst, (your enclosure No. 121, do not correspond with those on the original document sent to us,
It is perhaps unnecessary for us to state that we have no knowledge of your enclosures No, 5 and 6, which purport to have been sent to us on the 14th ult.
In order that the information afforded to shareholders by the sorrespondence you have published maybe absolutely accurate, we think you should farnish the Press with full and correct copies of your enclosures Nos. 1 ♣ 12 abora referred to, and also explain that Nos, 5 and 6 were not sent to us,
We conclude that you will also publish our letter of yesterday, which may have reached you after office hours.
No. 3.
We are, Dear Sir,
Yours faithfully, JARDINE, MATHESON & CO.,
General Agents,
Hongkong, 27th March, 1900. Messrs. JARDINE, MATHESON & CO.,
General Agents,
CHINA SUGAR REFINING Co., Ld, Dear Sirs,
I beg to acknowledge the receipt of your letter of yesterday's date and to apologise for being driven by pressure of work to publish the correspondence before replying to you.
1 forward you herewith a copy of the ques- tions that I propose, if necessary, to put to you at the General Meeting, and I think you will find that they are ali strictly pertinent to the
accounts.
I thank you for your permission to publish the correspondence and hope that you will find my explanation as to the Power of Attorney you requested me to publish satisfactory, al though I see now-last night I had not the requisition before me--that R. E. Belilios signs as Trustee, with two other parsons, for 25 shares besides the 5 in his own right.
As to the name of the Solicitor who instructs me, I have answered your question by my letter to the Press, though I am under no obligation to give you the information you seek, nor by the rules of my profession am I bound in such a case as the present to receive my instructions from a Solicitor.
In conclusion I would Beg to point out that you seem to misunderstand the attitude adopted by the shareholders I represent. We fully ap- preciate the great services you have done the Company and do not grudge you the enormous profits you have made out of the Company in the past, nor do we wish to be deprived of your guidance and experience; bat we wish you to share the burden of the altered condition of the
sugar trade with the shareholders and to accept a large commission on profits in lien of a num- ber of small ones on current transactions, or in other words, to make your interests and those of the shareholders, as far as possible, identical. In view of the correction of my published letter that this contains, I would be obliged by your sending it for publication.
I remain, Dear Sirs,
No. 4.
Yours faithfully,
MARCUS W. SLADE.
Hongkong, 27th March, 1900, Messrs. Jardine, Matheson & Co.,
General Agents,
CHINA SUGAR REFINING Co., Ld Dear Sirs,
I have just received your letter of to-day's date respecting the correspondence published in the Daily Press.
It seems to me that if you desire to make any comments on the letters as published, the simplest plan would be for you to write to the paper yourselves.
With regard to the letter referred to in the last paragraph of your letter, I have received no letter dated yesterday, except the one published as No. 21.
Yours faithfully,
M. W. SLADE.
Hongkong, 28th March, 1900, MARCUS W. SLIDE, ESQ.
Dear Sir,
We have to acknowledge receipt of your two letters of yesterday's date, and we thank you for the list of questions which you propose to ask at the General Meeting to-morrow, if you deem it necessary.
Adverting to the correspondence which you published with our concurrence, we regret that you should have apparently misunderstood the object of our drawing your attention to the variation in the signatures of the requisition as published, compared with the original, which was that you yourself should rectify an error which we hoped was unintentional.
We have no objection to doing so ourselves however, and will hand a copy of the original to
to the Press.
The matter may not be of great importance, but as many of the names published by you pur port to have been appeuded by their owners. we think it desirable that it should be made clear that several of them were signed "by proxy," and also that one name has been added which does not appear on the original document.
The names appended to the letter of the. 1st November, 1899, to Mr. Gubbay, we respect your evident wish to withhold from publication, and we therefore do not send them to the Press.
Touching the letter from as to Mr. Gub- bay and others, to which we referred in oar letter of yesterday, and which you state you have not received, we had supposed that it would be furnished to you in the same manner as the other correspondence similarly addressed, but we beg to hand you' a copy for your information.
With regard to the observations in paragraph 5 of your letter, while we thank you for the appreciative remarks to which it gives expres- sion, we think you are not wel informed when you characterize our remuneration as "enormous profita."
་་
This remuneration is limited to an agreed on scale, with which the shareholders are conversaut.
In conclusion we may remark that we have always considered, and still consider our interesta and those of the shareholders as ideutical, and we do not recognize such. a permanent change in the conditions of the sugar trade as to call for any modification of the terms upon which we manage the Company's affairs.
We are, Dear Sir,
Yours faithfully, JARDINE, MATHESON & Co.,
General Agents.
No. 6.
Hongkong, 12th March, 1900. Messrs. JARDINE, MATHEson & Co.,
General Agents,
{March 31, 1900.
vided no remuneration or 'commission'shall be paid to or received by the General Agents out of the funds of the Company."
R. 9. Harvey. J. Joseph
P. H. Read
R. Ji Solomon
*
125
25
25
M. M. Tackey W. H. Campbell
40
25
By Proxy
R. A. Gubbay
125
365
R. H. Bruce
By Authority
R. A. Gubbay
300
M. H. Michael
250
400
1,233
25
11
R. A. Gubbay W. S. Orr.
E. Thomas W. Wilson F. B. Marshall By Proxy
R. A. Gubbay
R. E. Toog
F. E. Haskin E. Hey Yang Ha Tsai M. Wolff W. F. Johnston C. F. Johnston By Proxy
R. A. Gubbay
C. Ewens E. R. Belilios Sema E. Belilios R. E. Belilios E. J. Judah
R. E. Belilios
E. J. Moses
E. J. Judah
E. J. Moses
100
1,769
249
100
50
50
60
983888
50
2,378
50 2,000
168
1,622
35
25
25
Wong Ping Lum Chan & Chai M. W. Slade
1,245
125
50
E. J. Judah
CORRESPONDENCE,
[We do not hold ourselves responsible for the opinions expressed by our correspondents.]
A VISIT TO KING LIEN-SHAN IN PRISON.
"
TO THE EDITOR OF THE "DAILY PRESS,' Macao, 26th March. Sir, I am just back from a little visit to Mr. King Lien-shan in his mountain prison, and as some interest is centered upon him at present, perhaps a few lines about him may be ac- coptable. Mr. King, as is known, is well past hi primes; indeed, he is beginning to feel the 1.-That Article 26 of the Articles of Asso-infirmites of age. He is quite deaf, and his oiation of the Company shall be cancelled.
CHINA SUGAR REFINING Co., LD.
We, the undersigned, shareholders of the China Sugar Refining Co., Limited, hereby request you to call an Extraordinary Meeting for the purpose of passing the following Special Resolations-
2.-That Articles 24 and 23 of the Articles of Association of the Company shall be cancelled and the following Articles substituted therefor and numbered 24 and 25 respectively :-
+4
(■) For Article 24, the following Artiole :-
The General Agents shall, as remuneration for their services to the Company, frem and after 31st day of March 1900, be paid or entitled to retain out of the funds of the Company the sum of Twenty Thousand Dollars annually and also a commission of Ten per centum on the net profits of the Company, as shown by the annual working account of the Company presented to the shareholders pursuant to Articles 11 and 121. (b.) For Article 25, the following Article ;-
44
The General Agents shall be paid or entitled to retain out of the funds of the Company the reut, crown rent, rates and taxes on premises belonging to or occupied by the Company and the salaries of Agents, Managers, Clerks and all other persons employed by the General Agauts on behalf of the Company and all disbursements whatsoever incidental to the carrying on of the business of the Company made by the General Agents on behalf of the Company. But except as in Article 24 pro-
own none
sight would seem to be but indifferent. His presence is good, however, and he lacks none of of the usual courtly manners of the Chinese of his olass. His goler, the commandant of the Monte Fort, is a Portuguese officer of open and refined manners, and, although commanica- tion between the two is not without difficulties, they seem to understand each other perfectly and to be on the best of terms. The prisoner seems quite at home in his apartments, and says that he is treated as well as he could desire. It is by his
few request that he visitors,
without a permit from the Governor. He seemed pleased, however, to have a call, particularly as I was intro- duced by his friend the commandant, and he took up his pencil with alacrity for the usual interchange of compliments. Owing to his infirmity, all intercourse with him must be sar- ried on by writing. As I did not care to take the part of an interviewer, we did not get much farther than mere formalities and the expres- sion of good wishes. He seems to be perfectly at ease in mind, and under no apprehensions. His nephew, who is with him, spoke simply of their intention of going back to Hongkong 'from Macao, as if there were no question of any
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