JBM18861115

1886 November 15thDirectors Meeting
Monday, 15th November 1886 4 p.m.
Present: Mess Grosser, chair, Baehr, Winstanley & Talbot¾

Informal General Meeting on 18th Oct.

¾

Estimate of the Cost for Buildings¾

Application for a Share¾

Share List be closed¾

List of Shareholders in Default in Payment of Calls¾

Remittances on Account of Plant¾

Isono’s Application for AgentA letter was send from Mr.Dodds stating his unability to attend the meeting,whereupon Mr.Grosser, vice chairman, took the chair.
1. Minutes of meeting of 8th October were read, confirmed and signed.
2. Minutes of informal general meeting held on the 18 October were read,confirmed and signed.
3. The tenders furnished through Mr. Diack for the erection of the buildings as
designed by him were considered. These were two in number, the firstamounting to $21,440 and second amounting to $21,265 for buildings alone
exclusive of the other items set out in Mr. Diack’s letter of October 7th. The
difference between the two tenders being immaterial ($175), the Secretary
was instructed to authorize Mr. Diack to accept whichever tender hethought best; to arrange with him for the provision of sureties by thebuilder; to secure the erection of buildings in conformity with the basis laid
down in the letter to him of August 27th free from extras for the agreed sum;1

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and to stipulate for penalties for delay in erection beyond the term arranged
for construction; and an effect to be made to prevail upon Mr. Diack tocontract personally with the company. In connection with this resolution Mr.
Diack’s letters of 7th & 12th October and 1st & 12th November were read.
4. The following application for a share was considered.
No. 54 Masujima Rokuichiro 6 Himonocho, Tokio Barrister-at-law One
share Paid $30.and it was resolved that the share of such applicant be and is hereby
allotted, making with the shares previously allotted six hundred and sixty
eight to this date.
5. Mr. Winstanley alluded to the understanding that the share list was closed;
and it was then explained that Mr. Masujima’s application had beendeferred owing to his absence in the country and that a verbal request forallotment had been responded to by a promise to reserve one share. Mr.
Talbot then moved, and it was resolved that the share list be closed and nofurther allotments made; the remaining 62 shares to be held at the disposalof the directors when their allotment may be calculated to further businessor otherwise promote the Company’s interests.
6. A list of shareholders technically in default in payment of calls was thenconsidered, those in arrear being
W. G. Furber

No. 14 $300

Suyekawa H

No. 47$50

W. Gordon

19150

Takashi Masuda

49500

J.J. Skinner

2130

Goto Shojiro

5175

E. Abbott

32 1050Kihachiro Okura

53150

F.H. Trevithick

44

H.A. Howe

1150100

2

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T.B. Glover

52200

Captain Furber’s default was explained to be owing to his absence fromNagasaki where he was expected to return 5th instant. Mr. Abbott, owing to
his absence in Europe prolonged beyond his expectations, had not received
the call letters, the Company being virtually in abeyance on his departure;on this subject Mr. Kirkwood, acting for Mr. Abbott, had been written to by
the chairman’s directions. Mr. Suyekawa’s liability was in doubt owing to apayment, supposed to be his, of $50 having been made into the Company’sbankers without a record having been kept of the name of the payer. Messrs.
Masuda, Goto and Okura were supposed to be in arrear from erroneous
reading of the call notices, and Messrs. Howe and Glover would, it wasunderstood, pay in the course of a few days.
Resolved that the secretary should write semi-officially, to Messrs. Gordon,Skinner, Trevithick, Masuda, Shojiro Goto, and Okura; and that the otherarrears should be considered at next meeting.
7. Further remittances on account of plant being advisable, Mr. Baehr statedthat £3000 would be sufficient to cover cost; and £1000 was ordered to bepurchased at best rate procurable, making £3000 remitted in all; it being
further understood that Mr. Baehr might exercise his discretion for afurther £500 if exchanged appeared likely to decline.
(£1000 was settled next day at 3/ 4 3/4 making a mean exchange for £3000
of 3/ 3 3/8 )8. Letters from Mr. Isono dated 15 instant, and Mr. Palmer dated 26 Oct. read.
Resolved that to comply with Mr. Isono’s request to appoint him agent for
the Company would be premature and possibly prejudicial; and that his3

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letter should be reserved for future consideration. For Mr. Palmer there isno opening. The secretary to advise accordingly.
9. Mr. Conders proxy favour Mr. Kirkwood to be filed.
10. Call notices, &c, for Mr. Dubois, shareholder No. 40, to be addressed tocare New Oriental Bank Corporation, Ld, in accord with his request dated
Oct 29th. This is to be filed as a change of address under rule 13 of thearticles of association.
The meeting adjourned at 5.45 p.m.
W.H. Talbot

James Dodds

Secretary p.t.

Chairman4