A first general meeting of Shareholders in the above Company was held on the 5th inst. Present—Messrs. C. J. King, E. H, Lavers, J. P. Tate, F. D. Barnes, J. M. Canny, A' W. Glennie, G. Jamieson, J. R. Bromley, F. Porter, A. Provand, DML. Hawtrey.
Mr. Lavens proposed, Mr. Barnes seconding, that Mr. King fake the chair.
The Cuamaaw said the shares having been virtually allotted, 14 remaining only out of the total of 480, they were met to-day to elect Directors. No deed of settlement was yet drawn up, butene in course of preparation would be ready by the end of the week and would be laid before the Shareholders. The qualification for a Director under it was the holding of ten shares in the Company.
The Cuarmaax having stated the names of those on the list of shareholders who were qualified, Mr. Tare proposed, and Mr. CaNxy se~ cond "That Messrs. JI. Miller, C. J. King, F. Porter, F. D. Barnes and E. H. Lavers be appointed Directors for the present year."
Carried unanimously.
The Cuarmxax said they had no other business to bring before the meeting. The Directors had already anticipated their work toa certain extent, in so far as that the accounts of the Wharf had been looked into and the property taken over. The Shareholders would have to meet "The season of worshipping tombs com- 28% ain at an early date, to approve of the deed of settlement, after which scrip would merices on the Sth proximo and those of the Hongkong Celestials who are strict be issued for the receipts. The latter observers of this time-honoured national might be received at the Hongkong and custom, have begun coming up. Although Shanghai Bank on the 6th. a full month is allowed for paying this The meeting then terminated. annual visit to the graves of ancestors and The prospectus which we subjoin will relatives, the first day is generally prefer-explain the objects of the Company. red; hence the rush of devotees on that PROSPECTUS, day to the mountains, to chin-chin graf.'
Why the first day is preferred, is explained by the fact that it bears the term of Chi of Tls. 100. With power to increase to 160,000 Capital paid tip Tls. 130,000,
ming, meaning "clear-sky consequently in 1,500 Shares of Tls. 100. those who present themselves on that day at the tombs, are supposed to be possesse purchase' the property with plant called the It is proposed to establish a Company to
of clear conscience and uncorrupt heart, of hongkew Wharf, consisting of 57 mow of land which there may be, however, a difference with extensive Godown and Wharf accommo-of opinion. 5 dation, having a River frontage of 628 feet On Monday a clever opium seizure was and the adjoining property at. present leased by the Company, compris mow 7 fun of made on board the steamer Kin Kiang. land, with a river frontage of 105 feet, Information was obtained by the Customs' in all a Wharf frontage of 733 feet,' with a folks that a good quantity of Opium was to back lot comprising 4 mow 3 fun of land imbe smuggled on that day in the usual of throwing it overboard at a certain point in erty, 1e Pro} oars, mediately to the rear of the aforesaid adjoin. where small boats would be waiting to pick Gibu? Livingston & Ca. it up. Consequently four or five tidewaiters The property of the Hongkew Wharf Com-started off in the downward bound steamer pany originally cost Tls. 215,025.37, exclusive goon board the Kin Kiang near Tige of the cost of repairs from time to time, which Island, which they accordingly did. The have been provided out of the current earning smugglers were thus taken by surprise, of the Company. A mortgage. for Tle. 30,000 and seeing the fact that their opium was exists on this property, for which 1 doomed, preferred destroying it themselves cannot be compelled to receive payment by throwing it into the furnaces of the afore the Ist July 1872, but the Provisional Directors are satisfied with the securitias, to be steamer, to its being pounced upon by the lodged in their hands, by the present proprie-tidewaiters. But the zeal and diligence tors, for the extinction of this liability. And displayed by the tidewaiters did not result for cash received on this account, interest will bootlessly, for about sixty balls were seized be allowed at the rate of mortgage, 10 per cent. notwithstanding the unflinching efforts used per annum, to Ist July 1872. to secret it irom their scrutinizing eyes.
Whilst on matters of Maritime Customs, I will be as ander 'The appropriation of Capital (Ts. 130,000) may add that Mr. Lord is ordered off to 'Amoy to fill the post of Deputy Commissi-1.—To purchase proj of oner. precut Company 108,000 'The steam machine' for spinning Cotton 2—To pure! jamin, Yam is in course of being put up at the rty and part of Wharf 7,500 hong formerly occupied by Fletcher & Ca., 3.—To purchase Back Lot of lately by the tidewaiters, and now by the Acting American Consul.' The present vaan 1,500 Messrs. Gibb, Livingston 1d Ca.
Yue of the shares is spoken of to be ata 9,000 premium of about forty per cent."
4.—To provide for further building and extension... 13,000
Tls. 130,000
Text read from the printed page and cleaned; old type leaves the occasional error.