before anot
assist in welling
ore than half of t
THEN HONGKONG. WEEKLY PRESS AND
|
entirely
our developed properties the yield is over 6 per cen state, and I do so after inquiry, that the very wisely I think, do not: increase the cost of any of our properties developed or u developed, by debiting them with one; cent interest With these remarks I beg to seco the adoption of the report and the passing. the secounts.
Carried unanimously.
Mr. EDE-I have much pleasure in proposing the re-election of Messrs Michaelson and Lee Sing as directors...
I
Mr. JORDAN seconded. Carried unanimously.
AR
This match wa
The following.
on Fri
Capt
buthno
16b Bed
not out
34 did not bat.
areyab Ar.
10 did not bat.
10b Bedwell
R. Icke, W.Y.R♫ è and ---
b. Arbuthnot
Mr. SHARP proposed the re-election. of C. Ryall, WY.R., not cut. 21 b Bedwell Messrs. Henderson and Coutts as auditors.
Mr. FORBES scoonded: Carried unanimously.
The CHAIRMAN-That concludes the busi. ness of the meeting. I thank you for your attendance. Those of you who apply at the office can have dividend warrants to-morrow morning; all those shareholders outside the colony will have their warrants posted, to them where their addresses are known.
land actually in ich will take longer perty to the present being built be all in a fit state for 18 months, and some Booner Property costing approx $60,000 is also in course of development, an. and details for laying out the same n hand, so that, provided no unforeseen moes détrimental to house property your Directors have every hope, in time of the earning power of the being much improved. In drawing comparison between the amount standing operty account in the balance sheet and rent account in profit and loss account ori the 31st December last, I would ask you to. mind the figures I have given in connection with the Company's undeveloped erties, and the fact that most of the pro- perties bought in 1898 were noquired during the latter months of the year. Turning to the debit side of profit and loss account you will observe that charges and other expenses show some slight increase, which must neces- sarily follow as the Company's interest in house property becomes larger. Repairs to house pro- perties is an item which shows a considerable increase, not only owing to the larger number of houses we own, but on account of works necessitated by the Government and Sanitary Board regulations, and the expenditure in this
A friendly, match-five a side-of these teams connection, which..strictly speaking, is more of
was played at the Happy Valley on Monday, the nature of improvement to property than the 25th inst. and resulted in a somewhat easy repairs, has been wholly debited as heretofore to win for the "Reds." After a generous lun profit and loss account. Fire insurance pre-cheon at the Club House, tendered to the com- mis has increased to a great extent on account of the new tariff, under which we are unable to secure the same advantageous rates as formerly In conclusion, gentlemen, I may state that each of our mortgages shows an entirely satisfactory margin and all the property we own is in a goodistate of repair, and, in the case of our developed properties, the returns they yield, except in two instances, are over 6 per cent. net. With regard to these exceptions your Directors do no tthink it necessary to make any provision for same, as the deficiency in their returns arises from purely local and, we hope, tempor any circumstances. We trust that the course we have again pursued of carrying forward a larger amount. than on former occasions will meet with your approval, as your Directors deem it better than paying any increased dividend at present. Should any shareholders wish for any further information I shall be pleased to answer any questions which may be put.
There were no questions and the CHAIRMAN moved the adoption of the report and accounts.
Mr MCCONACHIK--Mr. Chairman and gen. tleman, I am sure we have all listened with pleasure and satisfaction to the remarks just made by our Chairman: He has gone so fully Into the figures of the report, and made it so abundantly clear that the affairs of this. Com- pany are not only well but carefully and ably managed that very little is left to comment upon. He has told us that we have acquired properties, principally during the latter half of the year, to the value of over $600,000, and no doubt this has gone partly to swell accounts payable from 48442 681.03 in last account to $758-193.81 in the present one, and I would here like to express the hope that the Board will keep their eye on this account, and not permit it to increase too much. We all the shares of the Land Company are red by investors, and I think it
ery bad effect on the stock if the far call or, worse still, an issue es was looming in the distance: urther told us that no less sum $700,000 represents the value of an undeveloped state and no return. Gentlemen, look forward to the time when this large sum will come in, in dividend will be pro- but in the meantime te satisfied with a
HONGKONG GOLF CLUB.
NAVY V. ARMY...
peting aides by a popular and leading exponent of the ancient game, and well catered for by "A Kan," play was started at 2.15 p.m. One or two of the players on either side were more or less out of practice, or the finish might have been closer, and we were sorry to miss the genial presence of the Captain of the Club, who was prevented from assisting the "Blues," his time being occupied in some intricate calculations of revenue derivable from light dues !
Another record of the green was established by Capt. Jones of H.M.S. Grafton, the "home" or ninth hole being financed in 2. The Navy v. Civilians are now even on records; and it rests with the soldiers, who embody some Al and coming players, to push to the front and equalise matters: the nine holes are open to them all the year round!
The following is the result of the match :-
NAVY.
Lieut. James, R.N... Capt. Ward, R.M.L.I. Capt. Jones, R.N. Mr. Keys, R.N.
Mr. W. 8. Frowd, E.N.
ARMY.
Capt. Phillips, W.Y.R. Rev. G. R. Vallings Lient. W. M. Thompson, E.E. Major Grant Dalton, W.Y.R. Lieut. Howard, W.Y.R.......
Holo
Total 7
Holes. 11
10
Total 25:
Capt. Phillips negotiated his first round in 39, which, though not quite a record score, was a good return for a match game, and somewhat disconcerting to his opponent.
It is not generally known, says the N. Daily News, that there is an establishment at Nagasaki at which inoculation for the pre- vention of hydrophobia on the Pasteur system is practised: The physician in charge of it, under Government approval. is Dr. Kurimoto Tomei, & professor of the Fifth Higher College of Medicine and chief of the medical depart ment of the Nagasaki Government Hospital We are informed that his treatment of cases of bites from dogs suffering from rabies has very successful. If that is so, it will be
convenience, to
China, Nagasal
and having a much bet
north
more
Imate than
W. H. Logan, WY;R., 6.
and b Bedwell. P, G. Davies, RA, b Elliott
Extras
4
8 0 Hicklé
181. NAVT.
Lieut. Farie, 1.b.w., b Wood H. B. Bedwell, b Gordon J. M. Steel, b Howard
Lieut. Bowden-Smith; b Gordon Lieut. Sir R Arbuthnot, c Dr. Pead, e-Vallings, b Wood Lieut.Com. C. J. Dormer, b Wood Lieut. F. J. Plumer, e Davies, b Howard Lieut. Hickley, b Wood
H. M. Elliott, not out Lieut. Shelford, b Wood, Extras
THE CARLW CASE,
In the Carew case at Yokohama on the 13th January Henry Vansittart Dickinson was calle by the prosecution. He said he was a clerk in the Hongkong and Shanghai Bank and had been resident in Yokokama since 1890. a friend of Mrs. Carew and had been on
terms with Mr. Carew, with the excepti serious quarrel he had with him some ye
and which had been long since made had been in frequent correspondence with Mrs. Carew. He was then examined on the stitched letters and one marked “Tota was placed in hi
hands. It was proposed that the clerk of the Court should read the letters, but as he had some diffi-
he commenced he supplied the blanks, but was oulty in doing so the witness read them. When requested simply to read them as they stood without any interpolations. The letter marked "iots" was as follows
"You ask me dearest to take time over an swering your letter and in the same brea give it you at tiffin. -An fice on a ma with all its terruptions is not an easy plac and do not know as I begin the how where I shall end. What do you — ant me to say ? It is impossible to go back to the old footing. He has altered all that and if you were a free woman I would ask you to come to me.^. You know this Long ago when I first knew you something of a passion for you would now and then come over me and envy of the man who had you and now when you are thoroughl estranged and have come to me for help what I had easily checked before has risen again with a-strength that is multiplied a thousand fold by the knowledge that now you
"Dearest, the scene of last take place again. We cannot loving It know it is wro to blame I think so much a Bake than ours th Gan
8003
vent
fest int
WI
uestioned's
nhall not link
101)