August 21, 1995.}
CHINA OVERLAND TRADE REPORT.
PRINCE AND PRIN ESS ARISU-Yesterday
GAWA AT HONGKONG.
A BRILLIANT RECEPTION.
Others may have been on a larger scale, but none was more enthusiastic than the recaption acccorded by Hongkong, official and unofficial, to the Japan se Prince and Princess on their arrival in port on Aug. 16th by the ss, Preusser, It was evident that important arrivals were expected by the large number of people who blocked the road near Blake Pier just after noon, all waiting to catch a glimpse of the Japanese royalties. Captain Arbuthnot Leslie, HE. the Governor's A.D.C. and Mr. Noma,
119
that TEBRAU PLANTING CO., LD.
was not the first time i he had gazed upon the terraced vista of Hongkong, and judging by the warmth of his welcome, unless he be already surfeited with honours and hearty welcomes, he will the beautiful not regret having entered harbour that used to be, and we hope soon will be again brightened by the flag of the Rising Sun. His welcome would have been more publicly expressed had there been less uncertainty about the arrival, and if formal arrangements had been made. The visit was, however, to be brief, and informal; out of private citizens. being spontaneous and uninvited, will doubtless atone for the
;
and the turn-
Highnesses have been accustomed. They had the King in the i spoken of the kindness of
Hore Palace and the man in the street. the man of the street was unprepared, and
VOLUNTARILY WOUND UP.
An extraordinary general meeting of share. holders in this
company was held at the registered office of the company, A'exandra Buildings, on the 18th August, for 1 purpose of considering the winding up of the company. There were present: Messrs. J. A. Jupp (chairman), J. L. Cotter (secretary), G. Murray Bain. A. P. Nobb, Lan Chu Pak and J. M. Wong.
The notice convening the meeting having en read by the secretary, the chairman said— GENTLEMEN -You will remember that at
Japanese Consul, went off to the Preussen and absence of the cheering crowds to which Their the last general meeting of the company the conducte the Prince and his suite ashore in the Governor's launch. As they left the ship a royal salute of 21 guns was fired, from HM.S. Tamar. On the pier My Noma introduced the Prince and Princess to Col. Darling, G.O.C., and other officers, and to Sir H. S. Berkeley, Sir C. P. Chater, Mr. T. | Sercombe Smith, Mr. A. G. M. Fletcher, Dr. Clark, Mr. W. Chatham and Mr. L. A. M Johnstone.
A guard of honour composed of about 200 men of the Royal West Kents, commanded by Captain T loch, was drawn up along the Praya facing the pier, and as the Prince, on whose chest shone the Imperial Star of the first order of the Rising Sun, accompanied by the Princess, walked along the pier the R.W.K. Band struck пр
the Kimegaya," Japanese national anthem. His Highness then inspected the guard, before which flew the regimental colours: and then, accompanied by his suite and the gentlemen he had met, proceeded to Government Hou-o where he tiffined with H.E. the Governor, returning
on board in the afternoon.
Owing to the early departure of the mail steamer, the Royal visitors had but a short stay
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more a man at the tiffin table; but His Excel- lency the Governor would speak for him, if the We are sorry that salroes of artillery did not. Owing to their almost immediate departure. further courtesies which were intended had to be tendered more in the spirit thau in deed,
COMPANIES.
HONGKONG, CANTON AND MACAO
STEAMBOAT CO., LIMITED,
of the
company,
the
The ordinary half yearly meeting of share- holders in this company was held at the offices
Bank Buildings, on 15th Aug. There were present-Hon. Mr. C. W. Dickson (Chairman), Messrs. N. A. Siebs. A. Haupt, E. Fuhrmann, H. Schubart, F. Salinger and Hon. Mr. R. Shewan (Directors), T. Arnold (Secretary) and Messrs. L. S. Lewis, F. E. Ellis, J. Arnold. W. E. Clarke, G. T. Veitch. P. Tester, G. H. May, H. A. Siebs
Chairman informed you that they were then endeavouring to arrange a sale of the company's property at a price which would give share- holders a return of about 49 per cent on their capital. These negotiations fell through; but through our manager, Mr. Larkeɔ, we subse. quently got into touch with other likely pur- chasers, and in November last he wired us for the refusal of our property till the middle of Decem- ber, at $50,000 in cash, and strongly advised us to accept. On receipt of this telegram we called you together privately, and at a meeting held in this office in November it was decided
On December | to give the refusal asked for.
13th we received a wire from Mr. Larken to the effect that the property was sold to the East Asiatic Co.-a Danish concern-and the
bargain money was then paid. There has been some delay in completing the purchase as the purchasers not being British subjects the Johore Government, within whose territories the property lies, refused to register the
· here, aud a dinner and soiree which Mr. Noma, W. G. Winterburn, H. Oldorp, G. de Cham and in a short time after the confirmation of Japanese Consul, had arranged in their honour was of necessity abandoned. The Daily Press
on the 17th said :-
peau, L. Berindoague and Dr. J. Noble.
The CHAIRMAN said :-Gentlemen, I propose that, as usual, the report and accounts b taken "Whom the King delights to honour." We
as read, and as they in a measure speak for need make no apology for enlarging upon the
themselves I shall not detain you with many visit, brief as it was, which their Imperial remarks. The result of the six months work Highnesses Prince and Princess Ari ugawaing is certainly a poor one, but, as was stated at yesterday paid to this Colony. As Hongkong
is not the most inconspicuous cornr of a great looked for under the prevailing conditions of our last meeting, profitable working cannot be empire, it need have no hesitation in off-ring the trade. The item of repairs is somewhat its "widow's mite of the great national welcome that Britain has been extending so
heavy; this, however, was to a great extent met by the amount brought forward from the pre- enthusiastically to the relatives and representa.
vious half-year, so that we are able to maintain tives of the Japanese Emperor. Britain is tied
the dividend of 1 per share without drawing to its victorious ally by affection as well as by
upon the Equalization Fuud. The sum left to treaty, and it has fallen to Sir Matthew Nathan and his staff, as governing a portion of
be carried forward is small, but it is not antici- pated that the expenditure for repairs will be British soil most contiguous to Japas, to speed heavy during the current six months, most of the parting guest with renewed courtesies.
our steamers falling due to be docked in the It has helped, this tour of Prince Arisugawa, early part of the year. Turning to the balance to dissipato some diligently circulated
sheet, I may explain, with reference to the item suggestions that the British have not been
"Shares in Public Companies," that during the enjoying the real respect of their allies. half-year certain new issues were taken up, and that they аге blamed for not playing although it was deemed prudent when closing the ganie as an ally should, and that it
the accounts, to adjust values by the transfer is pure self interest that has made the renewal
of $13,068, from the Investment Fluctuatiou Account, that amount, I am pleased to say has
and strengthening of the alliance possible.
These calumnies could never have made much
headway, perhaps, but it is pleasant to find our visitor making repeated reference to the good impressions that he had personally received from the manner of his rec-ption, and assurances that these impressions and gratified feelings would certainly be shared by his illustrious relative at Tokyo. We can with sume con-1 fidence reply that so far as this colony and its British subjects are concerned, the sentiments of the mother country are shared in full. We are nearer to his own beautiful country, and perhaps enjoy a faller knowledge of his nationals, of their nature, and of their national spirit, progressive aims, and remark- ably liberal ideas. Prince Arisugawa spoke in London of Japan's
full sympathy and best wishes for the people of the whole British Empire," and there can be no doubt that from. such a soures, that was as siucere as it was ¡ authoritative. His Imperial Highness spent some time in England as a student, and became familiar with the best type of English thought As a young officer in the British navy, he was immensely popular and he was the highly approved representative of Japan at the Diamond Jubilee of Her Late Majesty, Queen Victoria,
since been more thau recovered by the recent to the company have just been revalued by rise in market rates. The prop-ries mortgaged
Messrs Palmer & Turner, and the valuations all show very satisfactory nargius upon the sams advanced. I do not think there is any- thing more which calls for xplanation, so, ualess there are any questions to be answered, will propose the adoption of the report and accounts as presented.
There being no questions. the CHAISMAN mored accordingly.
transfer; but this difficulty has now been got over by the purchasers registering a company in Singapore to take over the property. The balance of the money has now been paid. the winding up resolution, which has just been to the shareholders. You will notice that in the read to you, we hope to be able to distribute same
resolution there is no mention of remuneration to the liquidators. As you are doubtless aware the company dates back to 1897, ie. 8 years. It is provided in the articles of association that the general managers' fees shall be 860 a year, equal to $4.80 for the full period; but, as you know, of this only the fees for the first year. ie. $600, have been drawn. Under the circumstances, therefore, we propose to charge the sum of $2,000 as liquidation fee and trust this will meet with your approval. The ace unts lying on the table before you show the position of affairs on December 31st which you will observe is not materially altered from what it was on April 30th. 1904. We anticipated that the amount of capit I returnable on each share will be between $2.20 and $2.25.
If any shareholder has any questions to ask I shall be pleased to auswer them.
There being no questions. the CHAIRMAN moved that the company be wound up volun- tarily and that the general managers be and they are hereby appointed liquidators for the purpose of such winding up.
Mr. MURRAY BAIN seconded the motion,
the business of this meeting. Notice will which was agreed to unanimously.
The CHAIRMAN-That, gentlemen, concludes
be given of confirmatory meeting by advertisement as soon as possible. Thank you for your attendance.
the
HONGKONG AND SHANGHAI -BANKING CORPORATION, The eightieth ordinary half-yearly meeting of this Corporation was held at the City Hall on the 19th August. There were present Messrs. Mr. VEITCH proposed and Mr. TESTER H. W. Slade (Chairman), A. Haupt, É. Goetz seconded, that the appointment of the Hon. H. Medhurst, A. J. Raymond, E. Shellim
Mr. LEWIS'se onded the motion, which was carried.
Mr. C. W. Dickson as a director b confirmed.
F. Salinger, H. Schubart, N. A. Siebs, Hon, also that Messrs. Siebs and Haupt bre-elected "Mr C. W. Dickson, Hon. Mr R. Shewan.
members of the board
The proposition was agreed to..
1 Mr. ELLIS moved that Messes. A. O'D. ourdin and W. H. Pu'ts be reppointed
auditors.
Mr. SCHUBART seconded the motion. Carried. The CHAIRMAN-That concludes the busi-
ness, gentlemen. Dividend warrants will be ready to-morrow morning at 10 o'clock.
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J
(Directors). Mr J.R.M. Smith (Chief Manager), Hou. Mr G. Stewart, Messrs H. M. H. Nemazee, J. C. Peter, A. V. Apcar, N. J. Stabb, O. Von der Heyde, R. R: Hynd, C. J. Gonsalves, J. A, Chinoy, H. N. Mody, E. Georg, G. Marray Bain, D. D. Gazder, J. Orange, J. A. Japp, W. H. Potts, W. H. Gaskell, A. G. Wood, W. A. C. Cruickshank, F. D. Goddard, W. H. Pur- cell, W. H. Wickham, Dr. Noble, P. C. Potts
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