160
THE HONGKONG WEEKLY PRESS AND
THE CHINA FIRE INSURANCE CO., answer any questions relating to them you may
LIMITED.
The twenty-sixth annual meeting of the share- bolders of the China Fire Insurance Co., Limited, was held on the 19th inst, at noon, at the Com- pany's offices, Queen's Road Central Mr. A. G. Wood occupied the chair, and there were also present Hon. A-McConachie, Messrs. J. Kramer. St. C. Michaelsen, H. A. Dalrymple, DR. Sas- soon, N. A. Siebs (Directors) J. B. Cough rie (Secretary), J. Thorburn, S. G. Bird, JM. E Machado, A. G. Stokes, E. Jones Hughes, Granville Sharp C. Tomlin, G. L. Tomlin. J A Carvalho. Douglas Jones, E. +! Bay C. A. Ozorio. L. C. Rozurio, H. Txom J Smith, and A. M. Roz Pri
The SECR TAKY read the malic the meeting
The CHAIRMAN sed-Gentleman. gin by welcoming you to the Busi
'fi
Sue
h
¢rla!
the
the Company, into which we have av the last annual meeting The chan desirable to your directors, and they wer- of an opportunity to secure these roomy quarters on a long lase. Before proceeding formal business of the meet ng I will ask y`n join with the directors in deplring the l Board has lately sustained by the death of Mr Heinrich Loppius. Mr. Hoppius became director of the Company in 87% and has vor since been indefatigable in forwarding it. terests. His business capacity and génial per- sonality were equally prominent, and
the
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wish to ask,
Mr. BIRD-I have much pleasure in seconding. that
Carried.
No questions were asked.
On the motion of Mr. THURBURN, seconded by r. HUGHES, the appointment of Messra St. C. Michaels-n and N. A. Siebs as Directors was confirmed.
Mr. CARV LHO proposed, aud Mr. C. TOMLIN seconded, the re-election of Messrs. Kramer and Daldy le, and this resolution was als carried
MF. G. A. ZORIO - propose the re-election of Musses Cor and Lyall af andifois.
I: was thereupon remarked by one of the shortholder that Mr Lyall was dead.
DR. CHAIRMAN-I belieka thard is a riannour
Bat
We shall be very sorry if it but I think it will be better to clecl Mr. Lagall in case the rumbür turns out to be
Mr OZORI-I second the resolution. Carried, !
The HAIRMAN That is all the business, genti men, nd I thank you for your attendance. Phe dividend warrants will be issued after the Solidays.
い!!
CRICKET.
Moked snatch played on Saturday, Club resulted in an easy wit for the former the
HONGKONG CRICKET CLUB.
§. A, Wo de ck, ↳ Elliott K. FLmert, run out
P. G Anders n, Elhott
Mast, h Frowd
Pówell, b Blount
Hoper, c Eliott, b Frowd B. P. Sheldon, b Mer om F. W. Danby, b Elliott
. H. Sandilands, not out
F. D Mclean, b Elliott
J. East, e Elliott, b Blount..
Extras
Elliott Blount.
BOWLING ANALYSIS.
28
12
31
12
મ
8
105
Overs. Mds. Runs. Wides. N.B. Wkts.
First Innings.
FIRST INNINGS.
17 3 48
4
7
13
2
Sweeting Frowd Morcom
7
1
$
2
4
197
NAVY.
SECOND INNINGS,
8
Hooper...
41
b Danby
17
1
......
1 not out..
7
0
0
b Powell
ง
✰ b Powell
*
b Danby
2
28
T. Ci Smyth, ↳ Danby HC. Elliott, hw, b Lammert F. B. Noble, b Lammert W. G. Morsom, Danby T. D. Pratt, b Lammert A. B. Garde, run out W. S. Froad, b Lammert...... P. Lord, b Danby G. R. B Blount, Danby G. H. Sweeting, b Danby
C. I. A. Beningham, pot out
Ektraa
2 b Powell.................. 93
BOWLING ANALYSIS.
1
83
8
141
Overs. Mds. Runs. Wides. N.B. Wkta.
First Ingings.
9 1 16
you will participate in giving expression to the sincere regret felt by this Board at Li b The report and becounts wees issu-ả on the 6th instant, and baving been in your hands ab ut a fortnight you will no doubt allow them to b. Taken as read. You will have observed that there is again a solid increase in our premium. income, notwithstanding the keenness of com- petition to which we had to refer in our last re- port and which has since not abated. Endeavours are now being made to put. rates on a more sat- isfactory, footing, and it is needless for me to say that I trust they may be successful. On the other side of the account the prominent feature, and one I very much regret, is the large losses accruing to the past year, heaviest the Company has known in any year of its existence, and which I trust will prove as exceptional. They were
very great measure due to a large fire in the great produce storage quarter in Manila in September last and by another smaller one in December, and our loss was augmented by the unfavourable rate of ex- change ruling when the claims had to be paid, Losses paid since 1st January this year amount to $2.512.82, and those still to be adjusted to about $5,432.33, and I trust that the risks out- standing will run off without adding materially to these figures. lnterest account has suffered a little owing to the withdrawal of the sums necessary to pay claims, and to other causes which I shall presently allude to. Charges | Lammert. and expenses were a trifle heavier, as must be Danby the case with a larger business doing and during a period of low rates of ́exchange, when salaries require readjusting and the cost of stationery. o., is largely increased. You will see that we have had to forego making any addition to re- serve fund; and in recommending the payment of an interim dividend-a question which has been earnestly considered by us-we have had to bear in mind that the final dividend for the year 1894 may have to fall short of what we have been accustomed to pay. In conclusion I am glad to inform you that the Company's mort- gage investments having been again submitted to the judgment of a competent assessor; his re- port upon them is in every way satisfactory after a thorough and painstaking examination. You will observe that one property has beeu assigned to the Company by the mortgagor, who, owing to the plague, was in arrears with his interest, and unable, moreover, to repair typhoon damages or to carry out the require- ments of the Permanent Committee of the Sani- tary Board. In this case you will be pleased to hear that the security held is considered ample to cover the loan and likely to be even more so in time. The outlays upon this property, loss of rents, &c., contribute to the diminution of in terest account I have already alluded to. With these remarks I Leg to propose that the ac counts and report now presented, be adopted, and after that is secouded I shall be glad to I done to economise,^
W. Danby Maclean
Lammert.
Powell. Mast.
Hooper
8
11
Second Innings.
19
1 33
8 2
35
5 2
6
1
17 20
5
· [February 28, 1895.
RUMOURS OF THE EMPEROR'S ABDICATION.
1:
The Tientsin correspondent of the China Gă- sette writes:-Rumours of the day are: If the present state of affairs continues at Peking the Emperor is bound to abdicate in favour of his im- perious old aunt. with whom he does not wish to quarrel, and whom he intends to let do as she pleases as long as she lives or wishes to reign, altered, and Empress Dowager may eventually be The style of reign may, however, have to be described as Hou Ti, if not even Huang Ti, în which latter case she will, no doubt, assume all the attributes appertaining to a change of dynasty. The Empress Dowager, it must be remembered, is sister of the Duke Kuei-hsiang, who is father of the present Empress. He is a Mongol by birth and parentage, but was naturalized a Man...... cùn a few years ago, before the marriage of the Emperor to his daughter. Most people say that Duke Knei and his danghter, the yonne Era - press, are excellent prople, and so is the Empress Dowager, no doubt ; but the reins of Government have been wrested from the hands of the Emperor contrary to law; and the action has given offence to many of the rising generation. But some people think that it is all the better for China that the head of the state should be an experienced por- sou at this time of war and foreign invasion, and that the Emperor is right to enbijt, Should the young Emperor actually go to the famous ancient monastery of Shao-lin Szu In search of light, he will, no doubt, observe the manners and customs of knights-errant and con- form to the rules and regulations of that ancient order of Belted Knights.
་་་་་
There are, un doubt, some of the Shao-lin San Knights in the neighbourhood of Peking, if not actually within the walls of the forbidden city. and the young Emperor is not likely to lank suitable companionship on his journey to the eminent stream called Kao, Ch'i, in the neigh- bourhood of which stands the famous monastery of Shao-lin Sza. After having been repaired there in due and ancient form, he will then be in a position to practice knight-errantry, in the manner prevailing amongst the may et Knights of the Order; but His Majesty mut remember the old proverb, “no cross RO The road is long and tedious, the dan- gers great and many.
crown.
on
HONGKONG.
Almost the whole of last week was observed as
a general holiday in consequence of the annual Race Meeting. On each of the four days the attendance was very large indeed, the racing first ...... 10 class, and the weather all that could have been desired. Mr. R. Lyall, an old resident of Hongkong, died at Singapore on the 10th inst. News that the Blag Flags had broken out in rebellion in Formosa was received, and the Mercury, second class craiser, was despatched to Takow, but her place was afterwards taken by the gunboat Rattler. At Lyeenoon a private of the Asiatic Artillery attempted to murder another private by hitting him The the head with an iron hatchet. last performance of the pantomime RobinsoN A Crusoe was given on Monday afternoon. meeting of the Legislative Council was held on Tuesday, when a Bill to prevent the sketching of fortifications was read a third time and passed. In the Kowloon murder inquiry the Coroner, Mr. Wodehouse, « returned? verdict that the death of the havildhandwas cansed by a bullet wound, but by whom it gras inflicted there was not sufficient evidence to On Tuesday afternoon Mrs. F. H. May show. distributed the prizes to the children attending the Victoris Home and Orphanage, and after. wards Major-General Digby Barker (spoke a few encouraging words to the children, tosin
REPORTED REMOVAL OF THE VICEROY OF CANTON.
Peking, 17th February. The Emperor has decided to call Viceroy Li Han-chang, of the Two Kuangs, up to Peking, and the Grand Council deliberated to-day as to who should be his successor at Canton. It is likely that a Manchu will be chosen, as the Em, peror has been showing a marked tendency to wards putting as many Manchus as he can at the head of the provincial governments. As soon as Li Han-obang vacates his post at Canton he will probably be told to retire to his home and be excused from coming to Peking -N, C. Daily News.
The Tientsin correspondent of the Mercury ritsThe Imperial Chinese Railways bave Chi- discharged six Europeans and about 1,000 uese employés, and I hear it is their intention to discharge all foreigners and to keep just a suffi, cient staff to look after things. This is being
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A proposal is on foot for the incorporation of the Racquet Court Clab with the Cricket Glüb.
A coolie met with his death on Saturday idÍ K rather remarkable way. He laid down a bamboo pole, on which were supported a number of kerosene lamps, in order to sleep in the road near Bay View Hotel. In some way the lamps over- turned, the oil spread, became iguited, and set fle was shockingly fire to the coolie's clothes. burnt, and died in the Civil Hospital at five o'clock in the afternoon, eleven hours after his admission.