THE CHINA MAIL, SEPTEMBER 5, 1941.
KOWLOON GOLF CLUB MEETING
A loss of $3,217.67 for the year was reported by Mr. F. G. Barry when he presided at the annual general meeting of Kow- loon Golf Club last evening.
Mr. Barry said that, despite the demands made on the Course and members themselves, the Com- mittec, taking a long view, made continuous efforts to improve the Course and the Club-house amenities, and added that he hoped that when things returned to normal again the fullest advantage would be taken of the improvements.
Mr. R. K. Collings was elected pre- sident for the 1941-42 season, with Mr. 1. McKelvie as vice-president, while Mr. T. B. Low is the new captain,
Francis Zimmern,
fast bowler, in action.
At an extraordinary meeting which ST. LEGER
followed immediately after a resolution cancelling the concessions made to seA- going members was approved, although those listed as such still retained their membership.
approved
vi
It Was also unanimously that members of His Majesty's Forces would be extended the privilege using the clubhouse and course on pay- ment of the nominal green fee of $1 each time,
President's Speech
After referring to the fact that the meeting had to be postponed from last Thursday because of the lack of A quorum, Mr. Barry addressed the meeting as follows:-
Gentlemen-The income and Expen- diture Account for the year under re-
view shows a loss of $3,217.87, Сот- pared with the loss of $1,983.02 for the preceding your.. Revenue declined by some $800-reflecting the falling in lu- come from 'subscriptions' and 'green foes'
**Expenditure shows # comparative Increase due primarily to a higher scale of depreciation than ordinarily charged In connection with the asset furniture). the sum of $1.000 being written off additionally to the 10 per cent. provision usually effected. The 'upkeep of course' hem also shows an increase, a Justin- able one. I feel sure, in the light of the many Amprovements made 10 the: Course.
Stocks Augmented
"Reference to the Balance Sheet shows a considerable decretion in the cash balance which, however, need not occasion any alarm, as, taken in asso- ciation with the Stock and Sundry Debtor Assets, the position then reveal ed is favourably comparable with that of the previous year. The opportunity was taken during the year of consider- ably augmenting the Bar Stocks at rates inuch cheaper than now obtaining, the benefit of which will be more fully felt in the year to come. I would submit
no particular comment is called for in respect of other Items in the Balance Sheel.
K.C.C.