March 20, 1895
PROFIT AND Loss AdCOUNT.
To commission To remuneration to consulting committee. To auditors' fees
To interest account
To interim dividend at 8 per cent. paid on
27th August, 1994)
To net balance
By balance of profit and loss, carried from
last year
By not gain on working
0.
CHINA OVERLAND TRADE REPORT.
28,012.93 By head office charges.
Cr.
2,500.00 By branch and agency charges...
500.00 By commissions.
44,415.42 By directors', committees' and auditors'
By losses and claims paid
$75,428.35 By compensation to employés
By balance 159,298.00
$234,726.35 91,540.12
C.
PROFIT AND Loss Account. Dr.
215
So. and Perry though surrounded on all sides took a 28,771.00 magnificent drop-kick, which struck the bar, re- $18,230.43 fees 5,878.87 managed to take into in-goal. The ball, how. bounding into play, where Bowring picking up 23,263.92
.303,970.28
ever had to be taken back, and was scrummaged 15,397.71 a few yards from the goal-line. Shortly after- 449,197.60 wards Perry took another drop-kick, which sailed a few yards to the left of the post. Bow- $925,709.81
ring again forced his way into in-goal and fell, together with several Navy players, so that no- thing was awarded. Then Potts made an slaught first dribbling the bal past Hale, after.. jon- wards picking up, and thus obtaining the Club's second try very near the corner,
The kick was taken by DeVitré, and was a most difficult 464,166.77 one to essay; the ball went a few feet only from 62,831.29 the desired direction amidst much approbation.. 253.4 A smart run again by Sh-lford, who as half had 5,060.96 ben much assisted by Skeiton, was stopped just
in the nick of time by Thonson. The Club. now right to the end strained every *inusele in order to avert defeat, but the whistle blew with the Navy's score of two goals or 10 points to the Club's score of two tries or six points.
$326,266.47
To balance at 31st December,
1893, profit and loss. $
$62,599.37 Less dividend 7 per cent. 45,000,00 16,373.49 309,892.98 To balance of working account at 31st De-
cember, 1893
$326.264.47 To interest on investments..........
THE STRAITS INSURANCE CO.,
LIMITED.
The following is the eleventh annual report for presentation to the shareholders at the eighteenth ordinary general meeting, to be bold in the Company's offices, Singapore, on the 21st March :-
To the shareholders of the Straits Insurance Com- pany, Limited.
Gentlemen,-Your directors beg to place before you the annexed balance sheet for the year ended 31st December, 1894. The accounts have been adjusted at the exchange of 2/2 per dollar.
1894. -The net premiams for the year 1894 amonnt to $925,709.81 (£100,286.4.7.) on which claims have been settled up to 31st December last, amounting to $303 970,28 (£32,930.9.3.).
Commissions and expenses amount to $1.2.511.93 (218,692.0.11.), of which $10,00) is special expenditure. The balance of $149,197.60 (£18,663.1.5.) is carried forward.
13. The settlements on account of 1693 and pre- vious years amount, to $115,051.15 (£41,963.18.2.) The balance remaining after closing the account, $49,115.32 (£5,»20.16.6.) has been transferred to profit
and loss account.
PROFIT AND Loss ACCOUNT.
The interest on investments amounts to $62,934.29 (£6,807.011). After deducting 7 per cent. dividend ($45,000) paid in 1894, there remained a balance at credit of profit and loss account of $134,871.08 (£14,611.3.7.), from which the following appropriations have been made :-
To reserve fund
To underwriting suspense account
leaving a balance of....
$20,000 $40,000 $74,571.98
The Board now recommend that thore be declare
a
dividend at the rate of 10 per cent. per annum for the year 1894, absoroing $60,000 and that $14,871,98 (1811.2.7.) be carried forward to new profit and loss
Boodant.
DIRECTORS.
To transfer foes...
To profit on investments realisedį
Cr.
By claims, re-insurances, and return pre- miums paid on account 1833 and provious years
By transfer to underwriting suspense to By reserve fund..
close 1993 account By balance
FOOTBALL.
17,599.37
$549.923.43
$
415,051,45
40.000.00 20, 00.00 71.571 98
ROYAL HONGKONG YACHT CLUB.
The thirteenth Club race was sailed in a good whole fail breez on the 10th inst and resulted $549,922.43 na win for the Payne, the first she has scored
this season.
Course-From the Submarine Mining Pier, Wellington Barracks. round Channel Rocks, White Fairway Buoy, and Stonecutter's Island leaving all to starb ard); 13 miles,
STARTERS FIRST CLASS.
Payne
Dart
Ladybird
Erica
Stella
Elfin She Seabreeze
3
Royal Engineers Dr. Lowson
Mr. C. D. Wilkinson
Mr. A. Denis u
Capt. Stiiug
SECOND CLASS.
Mr. G. P. Lammert Mr. C. H. Gale ...... Surg. Major Westcott Dart and Ladybird got away first. Stella. on The wind was easterly and very light atthestart. coming about for the line, missed stays and had lute. On clearing the Meanee the wind freshened to wear round, which made her some minutes into a fine steady breeze which lasted the rest of the day. The ebb was setting strongly down the Hongkong shore. Dart by standing into Kowloon Bay lost the tide and the Channel Rocks were rounded in the following order nakers were set to port and a very quick run Puyne, Erica, Ladybird, Durt, Stella. Spin- was made to the Fairway Buoy. Payne was go- ing strong and increased her lead. passed Erica.
Ladybird
HONGKONG FOOTBALL CLUB V. THE NAVY. The racecourse on Monday afternoon presented being congregated round the field of play. an animated appearance, upwards of 700 people Before commencing the belligerents were photo- graphed, first separately, afterwards together. A fast game was expected, the turf being in the pink of condition and the weather sufficiently cold to permit half an hour's play each way. The Navy kicked off and immediately set to work in a pertinacious way to work the ball up. A fine kick by Thomson relieved pressure, but for a few seconds only, as Powlett re- turned in his usual style. minutes a succession of scrums took place in After a few mid field, from one of which Matheson managed to get in a good dribble, which was stopped only a few yards from the uprights, and shortly afterwards Perry sent the ball up by the same meaus and looked as if about to score; a stumble, lowers, as the ball was pounced upon by the however, dispersed the hopes of the Club's fol- Navy and sent into safer territory. A good pass from De Vitré gave the ball to Perry, who ran up well, with Anton just by his side to give assistance if needed, and scored the first try for the Club. Auton took the kick, but a slight breeze deflected the outside the post, The Navy now began to ball to a few inches play with great vigour and some very nice pass ing between Shelford, Powlett, Arbuthnot, and Blount rejoiced the hearts of the spectators. In one of these exhibitions Arbuthnot made a capital rug and the path was left quite open in front, but behind Landale showed his running powers by overtaking and collaring in such a way as to elicit a hearty round of applause, Leatham now began to be very troublesome and to cause much anxiety, as whenever he could get a fair start with the ball a great deal had to be put in his way before bringing him down. In one of these runs he burst though all opposition c. until he reached the Club's back, who made a good though fruitless attempt to stop him, and 3,000,000,00
thus the first try for the Navy was scored. The 600,000.00
somewhat difficult kick was taken by Peel, who 140,000.00
sent it over the bar. Half-time was now reached, 121,234.62 the Navy leading by one goal to a try. After 703.18 the change of ends both teams played their best; 4,203.22 the Club also put more energy into the scrum-cently observed in Japan. The Kobe Chronicle A remarkable meteor appears to have beeu re- 40,000.00 30,000.00 mages and seemed to overweight their opponents of the 7th inst. says: 449.197.60 De Vitré frequently made incursions and helped seen on Monday morning by a number of persons -We learn that the meteor 74,871.98 much to keep the ball in the Navy's half.
On his departure from the colony Mr. A N. van Gilse van der Pals resigned his seat at the Board, and his place has been filled by the appointment of Mr. Lee Cheng Yan. Mr. Puttfarcken having also resigned, his, place has been filled by the appointment or Mr. D. C Neare.
In accordance with the provisions of clause 105 of the Company's artic es of association, Mr. D. C. Neave and Mr. Lee Cheng Yan retive from the Board, but offer them- selves for re-election.
AUDITORS.
In accordance with clause 146 of the Company's ar- ticles of association, Mr. J. Lyall and Mr. R. Dunman re- tire, but offer themselves for re-election.
T. C. BOGAARDT, T. S. THOMSON,
Singapore, 7th March, 1895.
Directors.
BALANCE SHEET, 31ST DECEMBER, 1891. Dr.
To capital fully subscribed, 30,000 shares
at $100 ....
To capital paid-up......
To reserve fand...
To exchange and investment fluctuation
reserve
...
To unclaimed dividends
To sundry creditors
To underwriting suspense account
To dividend equalisation account
To balance of working account, 1894 To balance of profit and loss account.
$1,460,210.6 On the opposite side of the account are shown cash, investments, and real estate to the same amount.
WORKING ACCOUNT, 1894, Dr.
To net premiums from 1st January to 31st December, 1894, after deducting reinsur. ances and return premium....
Matheson soon after the restart made a splendid run, but Hale stopped his progress also made a brilliant attempt and looked like and showed himself a trusty back. Landale scoring, but having to make a swerve on reach ing Hale, Leatham was enabled to overtake and c. weigh down. Shelford now was very prominent and with great agility managed to dodge all 925,709.81 opposition and take the ball right under the bar. The kick was entrusted to Peel, who converted a $925,709,81 second time for the Navy. The Club after this kept the ball much in their opponents' twenty-five
$
reach to the west point of Stonecutters”.
On rounding the Fairway Buoy it was a broad
passed Ladybird and Erica. hauling to the wind round Stonecutters' Dart On
lows:
Payne wou easily and the race finished as fol
Payne Dart... Erica Ladybird Stella
Elfin
She
Seabreeze
H. M. Ś.
1
56 23
10 marks
1
57 46
4
19
1- 59 21
1
2
.2 14
2
5 35
SECOND CLASS.
H. M. 8,
2 15 51
10 marks
2 18 22
4
""
2 31 59
1
81
Elfin
53
She
16
18
Killen.
15
Seabreeze
15
Mary Ann.
3
'The marks gained are as follows:--- Dart
·Erica..
Payne
¡Stella
Petrel
Ladybird
near Kobe was also seen from the Catterthun, through the Inland Sea. From the deck of the which was at the time approaching this port
was very brilliant, notwithstanding that it was a vessel the meteor appeared like a ball of fire, and bright sunshiny morning. It left behind it a trail of smoke which was visible for twenty minates or half an hour. We learn from a telegram in the Osaka Mainichi that the meteor fell near Tokushima, but exactly where is not known. It is described as a great fire-ball with a long trail of smoke and made a great noise as it rushed through the air.