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February 19, 1907.1
To write off for depreciation of furniture 20 per cent on original cost price
7..
To write off for depreciation of buildings & per cent on original oost prios To place 5 per cent of net profit to legal reserve fund (in accord. ance with Rule 24 of the Articles of Association)
4
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To reduce the book value of the mill
stores account by
To grant 10 per cent of the pet profit to the Manager as a bonus (in accordance with Rule 24 of the Articles of Association
To grant to the mill's staff one
month's salary as a bonus To carry forward to 1907 account
13,061.64
CHÍNA OVERLAND TRADE REPORT.
to have it done through a Hongkong Govern- ment office in Shanghai, but to admit the right 520.32 of what, after all, must be considered a Foreign Government to establish such a tax office in the Settlement would open up possibilities of the establishment of dangerous precedents. On the other hand if the share registers were to be kept in Hongkong it would be necessary on the death of any shareholder that admicistration of 9,801.74 | the estate should be taken out in Hoog- kong, and often the estate would 3025,60 | have to pass through the hands of
19,608,48
THE HONGKONG COMPANIES
ORDINANCES.
A meeting of the repressentatives of British Compacies in Shanghai was held on Feb. 7th to consider the propesal of the Hongkong Government strictly to enforce the provisions❘ of the Companies Ordinancé. The list of those present and the Companies they represent as follows:
WAR
Asbestos Co. and
{
action
8
the
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was
KAMA
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EMINENT REVIVALIST AT HONGKONG.
MR. C. M. ALEXANDER.
109
An echo of the great religious revival that took place in England some two years ago under the influence of "Dr." Torrey and Mr. C. M. Alexander reached Hongkong on Feb. 17th. But it was no more than an echo, A large number of people sarg the Glory Song and the official administrator, thus involving | langhed at Mr. Alexander's jokes, and many additional and heavy fees The diffealty were impressed by the religious sentiments might be met by the passing of an ordinance that he uttered, but the results of the missionary on the lines of the Colonial Registers Act of meetings already referred to were conspicuous 1883, to permit companies with head offices ont by their absence. True, there were several who 1.274,52 | of Hongkong to take out licenses authorizing
came under the designation of “inquirers," but 5,663,40 them to keep their share
register at
for the mass the meeting was only an experienor, those head offices, A fee could be which was pleasant or unpleasant according to Tls. 232.621 42 charged for such licences and it should the faste of the individual. When it
be provided that except in the cases
announced that Mr. Alexander, who was of shareholders domiciled in Hongkong the passing through Hongkong on his way to shares should not be regarded as Hongkong Australia, was to speak and sing in the Theatre assets. The mailer affected a very large Royal, most people, religious and irreligions, number of companies and it was to be hoped who were familiar with his reputation, decided therefore that." before taking final action the that the opportunity of hearing a man who had Hougkong Government. c uld be induced to
exercised anch a remarkable influence on many been raised. consider carefully the objections that had assemblies should not be missed. Thus it was that long before the hour appointed for lust Mr. R. N. Macleod read the draft of a peti- night's meating, the square in front of the City [tion is had prepared to be sent to the Hong. Hall showed an anuanal degree of animation, i kong Goverument, which in substance Shortly after eight o'clock the crowd bud Mr J. C. Harson, representing Kalee Ld. asked the Government to take no fmither
as-unied considerable dimensi ns, and among the Mr H. R. Kinnear, Weihaiwei Land and Build ing Co., Kochien Cargo Boat. Co., J. Llewellyn | of
in the matter, pending the dispatch number were many songsterr. So what more na-
more detailed statement & Co., and Shanghai Laud Investment Co.; Mr | situation,
of the tural than that the Glory Song and other hymns betting forth the
C and E. C. Pearce, Laou Kung Mow Cotton Mill, | circumstances of the matter.
abould be nug to wile away the tim? Admit. North China Lerald, Ld., S. Montris & Co,
tedly, the vocal efforts of the chouis'ers would Mr. W. V. Drummond, in a Shanghai Electric and
long speech, went not meet with the commendation of
of our Buy Kiangse Coal sud Iron Co.; Mr J. F. Biugham, | China Iustiance Company many years ago. into the independen, action taken by the North
local choirmasters, but that was not desireil. Voelkeland Schroeder, I d., and Shanghai Times! This
The men felt happy and so they swag. The company and port and Gosip L.; Mr L. W. Jebb, ! Office,
*pproached
Foreign
kind of singing might be heard any cn The advic»
in of Mr. Wright, night
barrack Shanghai and Bougkew Wharf Co., Ld., and who
room or < 1 licensed 11 418 then
legal adviser to Ewo Cotton Spinning and Weaving Co., Ld.; ¦ Treasury, and later became Judge of the the doors were opened about a quarter past the premises, but the songs were different. However, Mr W. H. Jackson, Shanghai Horse Bazaar¦ Supreme Court and attempted to Co., Ld.; Mr J. 8. Dooly, Dunning & C‹‹. Ld., the issuance
procure eight and in about ten minutes practically" all of
Order in Conucil to Woosung Fort Launch Op., Ld., and Rosanthal¦ coable
the seats wore neenpied. Still the people con- ther business and formalities in tinned to arrive, and by nine o'clock the largest & Co., Ld.; Mr G. L. Oberg, Shanghai Mutual connection with the incorporation of com. Talephone Co., Ld.;
as-embly ever seen in the Theatre faced the Mr W. H. Peate, pauies to be put through in Shaughsi. Mr. speaker. Mackenzie & Co, Ld. Mr G. I Shekury, Wight prepared a draft of an Oider in Conucil
Not even "standing room
was left, Central Stores Ld.; Mr Richard Dallas, The
and the Police intervening, about fifty people were turned away. and Dallas Horse Repository Co., Ld.; Mr L. W.
Prior to the curtain being rang up, the men in the doorn alosed. Lemaire, Shanghai Tauping., Ld.; Mr F. A. Cumming, Yangisze Insurance Assn., Ld.;
front bad again burst into song, and the dignified members of the audience began to Mr C. A. Skinner, Vulcan Iron Works Co, Ld.; Mr Geo. McBain, Shanghai Sumatra
n ucomfortable. It was ■ relief when Tobacco Co., Ld.; Mr.
the curtain went up and revealed a oboir, E. F. Baleman,
about ninely strong, rented Sarawang Rubber Estate Co., Ld.; Mr W.
form. There was a pretty colour affect present- 011 the plat- J. N. Dyer, Shanghai Tug and Lighter Ct., Ld.; Mr C. Rieveley, China Land and Finance
scarlet nuiforms of the several soldiers. Dr. ed by the bright dresses of the Indies and the Co.; Mr F. C. Heffer, The Astor House Hotel Co., Ld.; Mr J. E. Trueman, Weeks & Co.
Saunders (Chairman) made his way on to the Ld.; Mr W. V. Drummond and L. Kerr, Perak
platform, followed by Mr. Alexander. While Sugar Cultivating
the Chairman's address was going on, the Co., Ld.; Mr A. W.
collection was being taken at bin suggestion, Burkill and Mr R. N. Macle d, Anglo-French Land Investment
aud the plates were soon Inden with silver. Ld.; Mr G. R. Wingrove, Shanghai Gas Co., Mr W. S.
Some meu found it difficult to break from Davidson. Shangt ni Building Investment Co.,
custom sud wanted to sign chils, but pressure Ld.; Mr W. charff, China Flour Mill Co., and
was brought to bear upon them and they Scharffs Oil and Bene Mill Co.: Mr E. E
borrowed money from their neighbours. Porter, E. E. Porter & Co., Ld.; Mr L. K. Burkhardt, Hotel des Colonies, Ld.; Mr H. von Rucker, Shanghai Dock and Engineering Co. ; Mr D. W. Crawford and Mr J. Ambrose, Lane Crawford & Co., Ld.; Mr J. D. Clark, Shang- bai Mercury, Ld., Hall and Holtz, Ld, aud Sin Wan Pao, id.; Mr A. J. Hughes and Mr J. A. Wattie, Chiun Mutual Life Insurance Co.; Mr Hayward, Hall and Holtz, Ld:; Mr C. L. Seitz, Chira Import and Export Lumber Co, Ld.; Mr A. H. Brooke, Weeks & Co. and Mr F. E. Solnorr, A. Butier Cement and Tile Works.
The Chairman, in outlining the circumstances in which the meeting came to be called, said that companies in Shan, bai, deriving benefit from the protection of British law would prob- ably not Le unwilling to pay something for that protection; they did so already, in fact, through the fees charged on incorporation. Even an increase of contribution might not necessarily
raise a protest, but what was obje ot d to was the method now proposed to that end, namely by the charging of stamp duties on transfers. Any such charge must cause great inconvenience and dis- satisfection in Bbangbai. If such duties had to be collected it would be more convenient no doubt
to meet the case, aud at the last moment the
Foreign Office took exception to the proposal on the ground that there were so many share. holders of different nationalities in Shanghai Companies that if the Order were carried into effect it might lead to complications. All the documents relating to the matter were doubt. less still in the possession of the North China be of great assistance in dealing with the Insurance Company, and they would doubtless
present situation.
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mitte be a appointed to go into the whole
Mr. Drummond then proposed that a Com-¡ question sad report to a second meeting to be
old at a later date.
The following gentlemen were elected to serve on the Committee, with power to add to their number: Messrs. W. y. Drummond, J. C. representative from Messrs Jardine, Matheson Hausou, H. R. Kiuuear, E C. Pearce, and a
& Co.
A vote of thanks to Mr.. Hanson for acting as Chairman was proposed by Mr. Pearce, and the meeting then terminated.
CHARGE AGAINST A KOREAN PRINCE.
A GINSENG CONTRACT.
In the civil case between Hyon Hung-tak and Prince Min Yong-ik which was beard on Jan. 18th before Mr. Eitaki, Consul-General for Japan, at the Japanese Consular Court, Mr. Waupei Tashi.aws, M.P, a member of Shanghai, Hyon Hung tak was represented by the Japanese Bar, but Pince Min, the defend- ant, did not appear, and thus the plaintiff got the case in his favour. The case was for the by the plaintiff in connection with a transaction smount of Tls. 52,000, being the damage claimed guseng. Prince Min hid himself, and his residences are now attached by the plaintiff, so Min. It is not a case of a criminal charge as to secure the sum due to him from Prince
against the Prince as erroneously reported.
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look
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After the Doctor had engaged in prayer. be invited Mr. Alexander to take charge of the meeting, and, nothing loth, that gentleman dki. Rather above medium height, not quite so sparo in appearance as the typical American, a full i face, clean shaven, a dome-like head, these give an iden of the striking personality of Mr. Alex- ander. You suspect by his appearance that he is an American, and when he opens his mou th you are sure of it. The voice is not unpleasant As he speaks, you are couscions that be knows how to use it "I haven't worn spectacks till I came to Hongkong. I had an socident. I was riding one of your China ponies and he fell with me, i at the doctor tells me I'll be able to see as well as any of you in a week or so." He takes this introduction he begins. You are informed off the glames and puts them on again. With that the Glory Song was sung in Chinese by the girls at the Orphanage in Kowloon, and you mile when Mr Alexander gravely informs you whistling it. that an Englishman in Hongkong was heard
Then a lot of talk follows la which he deories his singing powers. “If I can sing it anybody can sing it,” he mys. “IC” is placed music-hall ditties at home nali madh pec- the Glory Song, that haunting thing that dis- ple who never heard it wonder’whisk !!/was siļ
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