dividend of 8 per cent. 15 per cent. for the year)
be placed to reserve - carried forward
THE HONGKONG WEEKITI PREOSAANDS
orož - Proposed by
Tig
16,000.00 8,000.00 1,403.22
Bylva, Messrs. HuJ Suo
and J. F. Seaman were
166
and upon the proposition of MM seconded by Mr. Gove, Mr. Wilmer Harri re-elected auditor.-
A vote of thanks was accorded to the Chair- man, Board of Directors, Agents, and staff, upon the motion of Mr. Young seconded by Mr. Sylva, which was briefly acknowledged by Mr. Gove..
The following is the report presented to the meeting :-
Tls. 25,433.22 The acquisition of the 200-ton steel lighters een of great values to the company, especially in carrying on the large amount of that has had to be done outside the red buoy where it is essential to employ larger and
The directors have the pleasure to submit to stronger craft, as it has been found that the the shareholders the audited accounts for: the smaller boats of the company -sustain consider-year ended 31st December, 1896,ta able damage in the performance of this work when the weather is unfavourable.
It will be seen from the. accounts that the cost of repairs to the fleet amounts to about twice as much as for the previous year, but as stated in last report, the agents were then unable to effect the usual overhaul and the expenditure now incurred was necessary to keep the fleet in a state of efficiency.
Launches The Fuyun is in good working order, and proves to be a most valuable boat to the company :- all the other launches are in excellent working condition. It would perhaps be desirable to explain the items under stock and goodwill account referring to the Trojan. This launch was condemned and sold for Tis. 750 she has since been rebuilt, supplied with new boiler and engine, and after being surveyed by the company's surveyor, who gave a very good report on her condition, it was decided to re-purchase her in conjunction with the Co- operative Company.
Directors.In accordance with Article No. 94, Messrs. A. Korff and A. H. Stewart retire, but being eligible offer themselves for re- alestion:
Auditor. Mr. J. D. Thorburn resigns, but offers himself for re-election.
THE CO-OPERATIVE CARGO BOAT CO., OF SHANGRAÍ, LIMITED.
The third annual general meeting of the shareholders in this company was held at the office of the agents, Messrs. Wheelock and Co., Shanghai, on the 2nd March. Mr. H. J. Such (Chairman) presided, and there were present Mesars. J. F. Seaman (Director), F. Gove, J. M.Young, E. Davis, H. Sylva, and E. P. Wickham, representing iñ all 170 shares.
4
Mr. F. Gove having been appointed Secretary of the meeting, the notice convening it was read by him.
The Chairman said Gentlemen, the report and accounts have been in your hands for some time, so with your permission I think we may take them as read." I have very little to say about the accounts. The falling-off in the receipts is due in a great measure to the small- ness of the export cargo. This company's
of the Pool account is Tls. 25,174, as against Tls. 35.603.19 in the previous year, and the balance to credit of profit and loss account Tls. 19,567 as against Tls. 25,477. Anything further I might say on the accounts has been said by the Chairman of the Cargo Boat Co. yesterday, and so any thing I might say would be a reiteration of his remarks. The fleet, has been well maintained and there is no necessity to write off anything for depreciation, in fact the fleet at the present time is of greater value than it has ever been, year, no doubt, more money will be required its than last year, but that is usual, be- ear the repairs were very small. Before first resolution I shall be very glad questions you may ask to the (After a panse.) As no ous to ask I beg to propose nd accounts, as put before the oted and passed." seconded and the resolution was
questions
19.567
だ
the Chairman 800
the directors be the amount at their follows A final 000; transfer to Tls 9,000; Th: 1,667 an
The balance at the oreditiof working account is Tis. 23,090.15, against Tls 31,072.75 in the previous year, or Tls. 7,982.60 less.Ÿ¡
During the past year the company has paid its share of the cost of the steam.launch Trojan, Tls. 964.84, made final payment of its share of cost of the steam-launchi Fuyun, iTis. ¡148.44, and paid Tls. 15.000 on account of two new 2004:
·ton steel lighters, or altogether Tls. 18,113.28. : :
An interim dividend of 5 per cent. to 30th June was paid in August last, leaving a balance at the credit of profit and loss account of Tis. 19,567.87, which it is proposed to appropriate as follows:-
T182-
FIEL
Beotional Commandera
3 Lient. Macdonald ) Se
Wylie,
» Maobell
Lieutenant Macdon the prizes presented rington and Captai
[March 17-1891
therefor Sir John Franois.
MACHINE GUN CO Detachment. Commander. No. of Detachment Shooting. Fire,
:|
1 4:
3
2
Efficiency, Time.
15 15
19:
80
Bgt. Maj. Badeley 58: Corporal Qrombie
Smyth Tammert
12
Sergeant Major Badeley's detachment there Whitehead. fore won the prize presented by Hồn: THỊ
HONGKONG GOLF CLUB:
CAPTAIN'S CUP FOR 1896):
The following names of members those who have qualified for the final com tion for the above cup presented by Capt. R.: Murray Rumsey, R.N Two of the year's monthly winners having retired, and one mem To a final dividend of 9 per cent. (mak-
ber having doubly established his right to compete in the final, the number of players istey ing 14 per cent. for the year) .9,000,00 | reduced to nine, and the result of the draw is o To be transferred to reserve and main-
as given below:-- tenance account
9,000:00 Messrs. G. Stewart, C. W. May, H. L. Dalrymb To be carried forward
.1,567,87 | ple; H: W. Robertson, C. A. Tomes, M. Stewart;
and Rev. G. R. Vallings, "byes"; "Mr.F_J;\" Tis. 19,567:87 Badeley, receiving 7 strokes, plays Mr CE- Of the above sum transferred to reserve and Hume. Match play to be observed. . maintenance account Tls. 6,100.00 will be required for a final payment on the two new 200-ton steel lighters, which have been delivered, and are now working satisfactorily.
Repairs.-The fleet has been maintained in efficient repair, although a smaller sum was required than in the year 1895, “
Launches. The Trojan, after having been practically rebuilt, has been acquired in con- Junotion with the Shanghai Cargo Boat Co., Limited, at a cost of Tis. 3,250,00; the share of this company being Tis. 964.84.
↑
The Fuyun has fully borne out the expecta tions entertained of her, and the Hercules is in good working order.
Directors. The directors, Mesars. Tong Mow-chee, J. F. Seaman, and H. J. Such, all retire in accordance with the articles of as- for re-election. sociation, but being eligible offer themselves
Auditor.—Mr. Wilmer Harris offers himself for re-election.
H. J. SUCH,
Chairman.
VOLUNTEER FIRING COM- PETITION.
The first and second ties must be played off on or before the 22nd inst., the semi-final on or au before the 28th, and the final on or before the 81st idem.
FOURSOMES. -
A member having very kindly presented a cup for the above competition, those desirous of entering for it will please send in their names to the Hon. Seo, or subscribe them to the list o on the table at the Club House. Entries will close on the 20th-inst.
ROYAL HONGKONG YACHT CLUB.
TENTH CLUB RACE.
The weather on Sunday was somewhat simi- lar, as regards wind, to last week, there being a light east wind to start with, getting a little- stronger later in the day, with practically no. tide. In the first class Chanticleer showed up well in the first beat up, being first boat up to-- within half a mile or so of Channel Rocks, ...... after which she was passed by Erica and Phœba, the latter passing Erica at the rooks. Active also went very well at first, but soon fell to the rear. There was not wind enough for Maid Marian but she sailed a steady race. The Meteor also stuck to it, although not going the
of pace
many of the boats, but she headed well up in the beats. Sybil appeared to be out of trim in some way and did not go at all well. In the Second class Payne went very differently from her usual style, going out of her own class past the tail end of the first, and had a very easy win There is plenty of pace in the old boat yet;iten only wants a good hand on the twiddling stick to bring it out. Dart and Ladybird had a great a fight for second place and came to rather too close quarters at Channel Rocks the second time: Perhaps some of the photographers on the rooks >> may have observed something interesting
The Field Battery of the Hongkong Volunteer Corps and also the Maxim Gun Company held their competitions on Saturday afternoon The target was placed in Deep Water Bay and the firing was from the top of Wongneichung Gap. There was an exceedingly good muster of men. notwithstanding the cold weather, and the scene of the action was a particularly-favour able one for testing the merits of the various detachments, the ground from the preparatory position being hilly and in places decidedly rough. The light was always bad and the smoke was most aggravating in its persistency. in lingering round the firing position, but in spite of these drawbacks the shooting was very good and the work of the subdivisions highly creditable. The march home was warm wörk' and many. ha porth of boot - leather was -worn out in holding ... back - "the" guns while descending the steep hill leading to the Happy Valley. The prizes for the Field Battery have been given by Major Sir John Carrington. (Commandant) and Mra-J J Francis, QC while Hon. T H Whitehead gave the prize competed for by the Maxim Gun Company. The donors of "the prizes* were present and His Excellency the Governor, Sir William Robinson, also put in an appear ance during the afternoon, gal olur trad
The following is the result
A.
JOVAN
The course was as follows From the Polica Pier, Kowloon, round Channel Rock Rocks, dinghy of Pier (leaving all twice round; 13 miles:
The following boats started -
Active Meteor
Princess Maid Marian Phobe
Frics Sybil
Chanticleer
e
Dart
Ladybird
FIRST-OLABBA
1. E. Pollock a MrW Lammert Mri Jas Mokie- Mr. J. Hastings MFHMET Mr. A. Denison Officers R.E. MMO A Tome SECUND CLARBRES:
Dr. Clark L
Officers RiDas
1977 ME EU Gelt
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