May 10, 1909.]
COMPANY MEETINGS.
NATIONAL BANK OF CHINA, LD.
The eighteenth ordinary annual meeting of National Bank of China, Ld., was held at the Bank's premises on May 1st. Mr. J. Scott Harston presided, other shareholders present being Messrs. P. L ureiro (Acting Manager), E. Haskell, P. C. Potts, E. Raymond, E. Ellis, P. Davidson, J. Gourgey, Sin Tak Fan, Chan Ki Pan and Yung Pak Leung.
Mr. P. LOUREIRO, Acting Manager, read the notice convening the meeting.
CHINA OVERLAND TRADE REPORT.
7th. Other shareholders present were Messrs. C. S. Gubbay, E. G. Barrett, F. W. Bandow, A. Forbes, W. Helms, H. A. Siebs (directors), C. Montague Ede (secretary), A. B. Rouse, H. J. M. Carvalho, B. M. Č. Cunha, A. E. Alves. V. L. Remedios, J. F. A. Barros, J. A. Carvalho and J. Gardiner.
On the motion of the Chairman, seconded by Mr. ROUSE, the following resolution was confirmed
"That the Memorandum and Articles of Association of the Company be respectively extended, altered and amended so as to read as shewn in the print signed for the purpose of identification by the Chairman of this Meeting and that such extended, altered and amended Memorandum and Articles of Association bo henceforth adopted as the Memorandum and Articles of Association of the Company to the exclusion of those heretofore prevailing.
This was all the business.
rice.
A PECULIAR STORY.
At
STANDARD OIL STEAMER "ASHTABULA.'
INSPECTED BY CHINESE SHIPPERS.
383
the invitation of the Standard Oil
Company of New York, a number of Chinese merchants and shippers on May 6 paid a visit of inspection to the British steamer Ashtabula, a commodious Francisco and the East. The object of the oil ship trading between San
visit was to acquaint the Chinese with the excellent cargo accommodation which this ship possesses, and to disabuse their minds of the affected in any way from the fumes of the oil. idea that cargo carried on an oil ship would be
After an exhaustivo inspection, and explanations of the methods adopted for the preserva- tion of perishable
which cargo, peared to be appreciated by the visitors, the Standard Oil Company may expect to receive. fair share of the carrying trade to the Pacific Slope.
a
tous.
ap-
The Ashtabula has a cargo capacity of 13,500 After the discharge of her oil cargo for the East the large tanks are first steamed out, then washed with caustic soda, and afterwards coated with limewash. Then woodwork, similar to that used in ordinary cargo steamers, is placed The tanks are at the bottom of the tanks. ventilated from the fan room by a 15 foot fan turning 1.500 revolutions to the minute. In addition to the tank accommodation there is a large space on each side of the ship on the "tween deck, which runs the length of the vessel. This is divided into compartments for the reception of sensitive cargo, these compartments being ventilated in the manner previously stated. Five hundred deck, the space available being divided into ten tons of cargo can be stowed on each side of the
compartments five on, each side.
The CHAIRMAN said:-Gentlemen,—The directors have now the pleasure to submit to you the accounts and balance sheet for year ending 31st December. 1908. The gross profits, including $10.223.09 brought forward from last year, are $265.389.36, which, after deducting all charges, leave a net profit of $180,552 57. which the directors propose to deal with as follows:-Place to reserve fund $150.000 and carry forward balance of $30,552.57 to next account. Mr. Horace Mocatta retires in rota- tion from the London Committee and Mr. J.
A report was made at the Police Station ou Scott Harston from the Hongkong Board; but, Thursday by a man living on the first floor of a being eligible, offer themselves for re-elec-house in Bridges Street, and as the story he tion. During the year Mr. E. S. Kadoorie and told was rather peculiar it is worth giving. He Mr. Ellis Kadoorie were elected as Directors
stated that a coolie came to his house the and this now requires your confirmation. Mr. G. previous day and dumped on the floor a bag of C. Moxon resigned his seat on the hoard
He could not be persuaded that he had during his temporary absence from the Colony brought it to the wrong house, but matters and does not now seek re-election. The ac- became more interesting when other coolies counts at the Head Office have been audited arrived and likewise deposited bags of rice by Mr. A. R. Lowe, Chartered Accountant and before they could be persuaded that they also had Mr. E. A. M. Williams, A.S.A.4., of the firm of brought them to the wrong house. This aroused Messrs Lowe, Bingham and Matthews. Messrs
the suspicions of the tenant who thought the Deloitte, Plender, Griffiths and Co., Chartered men had come to make preliminary observations Accountants, audited the London accounts.
prior to carrying out a robbery of the premises. There being no questions the CHAIRMAN pro- coolies who had brought the rice, but the sequel The police became active in the search for the posed the adoption of the report and accounts.
Mr. POTTS seconded and the motion was Then, while the police were looking for the
was not discovered until Thursday night. |
Although it is a new departure on the part On the motion of Mr. HASKELL, Seconded by coolies, some men entered the top floor and took of the Standard Oil Company to bid for Chinese Wonen, conducted them
to the cargo, their fleet running to Harston were re-elected to the London Com-steamer wharf, and put them on board a steamer, been engaged in the carrying trade for a num mittee and the Hongkong Board respectively.
Before the police got down to the steamer the ber of years with much success, the vessels The appointment of Messrs. E. S. aud Ellis drowned. The other was rescued by her captor. tramp steamer, owing to the fine system of ven- two women jumped overboard and was turning out better cargo than the average Kadoorie to the Board of Directors was It is thought that the women were being tilation. confirmed on the motion of Mr. HASKELL seconded by Mr. ELLIS.
forcibly taken back to their husbands in the Messrs. A. R. Lowe and E. A. M. Williams country. Beyond that explanation the action were re-elected local auditors, and Messrs. of the men seems very peculiar. Deloitte, Plender, Griffiths and Co., London auditors, on the motion of Mr. POTTS seconded -by Mr. DAVIDSON.
carried.
Mr. ELLIS, Messrs H. Mocatta and J. Scott
The CHAIRMAN-That finishes the business, gentlemen. Thank you for your attendance.
UNION INSURANCE SOCIETY OF CANTON, LD.
away
two
one
MR. KINDER'S RESIGNATION.
The resignation of Mr. C. W. Kinder, C.M.G., having been attributed in several papers to a disagreement with the Board of Communications a correspondent sends to Chinese Public Opinion Mr. Kinder's letter of resignation as a proof that the reports in ques- An extraordinary general meeting of share- tion are absolutely without foundation. The holders in the Union Society of Canton. Ld..letter is as follows:- was held at the Society's Head Office, No. 2, To the Director General of Railways, Queen's Buildings, on May 7. Mr. E. Ormis- SIR,I regret that the time has come when I ton presided, and were also present Messrs. W. must ask you to accept my resignation as Helms, A. Forbes, E. G. Barrett (directors), C. Engineer-in-Chief and General Manager of the Montague Edo (secretary), A. B. Rouse, D. BI.R.N.C. Appointed in September of 1878 by Murray, D. D. Gazdar, H. A. Siebs, J. Bandow, their Excellencies Li Hung Chang and Tong F. Smyth and Ho Fook.
King Sing as Resident Engineer to construct The meeting was called to confirm the follow-the railway from Tongshan to Lutai and to open ing resolution :-
the Mines of Tongshan, I have now completed "That the Memorandum and Articles of 30 years of uninterrupted service in North
Association of the Society be respectively | China. extended, altered and amended so as to read as shewn in the print signed for the purpose of identification by the Chairman of this Meeting and that such extended, altered and amended Memorandum and Articles of Association be henceforth adopted as the Memorandum and Articles of Association of the Society to the exclusion of those heretofore prevailing."
On the motion of the CHAIRMAN, seconded by Mr. BANDOw, the resolution was unanimously passed
This terminated the meeting.
THE CHINA TRADERS' INSURANCE CO,, LD.
Mr. E. Ormiston presided over an extraor dinary general meeting of the China Traders" Insurance Co., Ld., held at the head Office of the Company, No. 2, Queen's Buildings, on May
During this period I have only been able to be absent on leave for fifteen months, only four of which were spent with my people in England, in my own country, and now I have reached the age of 56 years I desire to return to England and live the rest of my life among my own kith and kin.
In tendering Your Excellency my resignation I desire to record my appreciation of much personal kindness and consideration shown-me during my long period of service.
I desire my resignation shall take effect from the 1st of May 1909.
Again expressing my regret that the time has come when I must sever my connection with North China. I remain, Your Excellency's obedient Servant,
C. W. KINDER. Engineer-in-Chief and
General Manager
(Signed)
October 12th, 1908.
India have
It is worthy of mention that the Ashtabula was chartered by the Russian Government at the time of the Russo-Japan war, and that she accompanied the Baltic Fleet as far as Saigon as watership. Subsequently she was purchased by the Standard Oil Company from the builders, and since she has been taken over some £1,500 have been expended on alterations and improve- ments. She has now excellent accommodation for a limited number of passengers, but when alterations which are in progress are pleted, she will be able to carry twenty-eight. Her speed averages eleven knots. She burns oil on her trip from America, but uses coal on the return voyage.
com.
The risitors yesterday were entertained by Captain Harding and his wife, whose hospitality was greatly appreciated, and whose kind invita- tion to visit them again on their return, will in many instances certainly not be overlooked.
MISTAKEN IDENTITY.
An interesting case was heard at the Magis tracy on May 7 before Mr. Kemp when a school boy from Wanchai School was charged with throw- ing stones at an Indian policeman. It appeared that the schoolboys had been playing football on the street and the policeman attempted to capture their ball as he had done on a previous occasion, and one of the boys, resenting his interference, threw a stone at him. The police- man was sure that the defendant was the boy who threw the stone, and he called a Naval Yard policeman who was equally certain that it was the culprit who was charged. However, Mr. Yuug Hee, the headmaster of the school, produced a schoolboy who confessed to having thrown the stone, and an amah, who had wit- nessed the affair, also testified that the real culprit was the boy who had confessed. His Worship discharged the defendant and told the other that as he had confessed he would not order him to be birched, a penalty which he contemplated for such offences.
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