256
There were two false starts, Saucy golloping a furlong each time before being brought up. Colonel Gordon at length got the ponies well away. Tocsin maintained a lead of a neck until reaching the village, when he gained still further and won comfortably by two lengths. Time-2 mins. 12 secs.
A DOG RACE; about 120 yards; first prize, $15; second, $10; third, $5; open to all; entrance free on course. Private Duffy's Sentry
Private Ennson's Yorkshire Lass Mr. J. Hucker's Biddy,
Eight dogs competed.
THE HONGKONG WEEKLY PRESS AND
UNION INSURANCE SOCIETY OF CANTON, LIMITED.
1
2
3
TENT PEGGING; first prize, a cup presented by Major-General Wilsone Black, C.B.; second prize, three-fourths of entrance fees, Entrance, $3.00. Three runs. Mr. De Vitre Mr. Moberly
}
1
The following is the report for presentation to the shareholders at the twenty-fourth or- dinary meeting to be held at the Society's offices at noon on Wednesday, 13th October:-
[September 29, 1897. BALANCE SHEET. Dr.
30th June, 1897. To capital 30,000 shares of $250 · each-
: $2,500,000 upon which 350 per share
called and paid up
To reserve fund
To unclaimed bonus and dividend To exchange fluctuation account
To investment fluctuation account being the.
increase in market value of securities To Working account, 898, balance.
The Directors have now to submit to the shareholders a report of the business of the society for the year 1896, and for the six months To working account, 1897, Imlance ending the 30th June, 1897,
To aundry creditors.
1896.-The net Premium collected for the year, after deducting returns and reinsurances, amounts to $1,664,367.40. After providing for, a bonus of 20 per cent. on contributions paid in April last there remains at credit of working account a balance of S455,735.01 as per annexed
statement.
From this sum the Directors recommend the 2 payment of a second bonus of 24 per cent. on 3 contributions, a dividend of $16 per share, equi- valent to 32 per cent. on the paid up capital of 0 $50 per share, and an addition to the reserve fund of $60,000 raising the reservé to $1,260,000. The balance remaining of $199,305.79 they pro- pose to carry forward and thus close the account for the year 1896.
Capt. Welman
Mr. Landale
Mr. Platt
Lt.-Colonel The O'Gorman
0
Mr. C. H. Thompson
Mr. Drury
0
Capt. Burney
0
Mr. Gibson
0
Mr. Creagh
0
0
Capt. Berger
This was a most interesting competition and Mr. De Vitre well deserved bis victory. THE LADIES' NOMINATION; the rider will pass
the lady at full speed; the lady will throw a polo ball at him, which he should catch and deposit in a bucket further on; points for the catch, drop, and pace will be awarded; 1st and 2nd prizes presented; entrance, $2.00. Three runs,
Mr. Gibson
Mr. Spencer
Lt. Colonel The O'Gorman
Captain Welman
Mr. Platt
Captain Phillips
Mr. Thompson Mr. Drury... Mr. Lawford Mr. De Vitre Mr. Master
Mr. Gray.
Captain Burney Mr. Cox
Mr. Landale
Nominated by
Mrs. Gedge 1 Mrs. Bartram 2 Mrs. Drury 3 Mrs. Welman 0 Mrs. Palmer 0
0
Mrs. Master 0 Miss Hancock 0
Mrs. Holland
Mrs. Leigh 0 h
Mrs. Layton 0 .. Mrs. Phillips 0
0
The responsibility of the ladies in this com- petition was very great, the manner in which they threw the ball affecting in no small degree the chances of the riders.
A BAREBACKED RACE OVER A FEW OB- STACLES; to be selected by the stewards; for ponies that have never started in a race or gymkhana flat race, polo pony events ex- cepted; no whips or spurs allowed: two prizes. Entrance, $2.00.
This race did not take place.
THE DISTANCE HANDICAP; the limit horse to start at Round Course Post; first prize. presented; second, $15.00; entrance, $1.00; but if left in after 2 p.m. on 21st instant, $3.00 extra; the weight of rider to be given with entry for information of the handi-
cappers.
Mr. Cox's Saucy, 10st. 8lbs. (Owner) 1 Mr. Master's Major (a child's pony), 10st.
12lbs.
(Mr. Master) 2 Mr. Leon's Glendubh, 11st. (Mr. Gibson) 3 Mr. W. Jackson's Lady Bess, 11st. 5lbs.
(Owner) Hon. T. H. Whitehead's Sport, 11st. 12lbs.
(Capt. Burney) 0 Mr. Creagh's The Beast, 11st. 4lbs
(Mr. Creagh) 0 Mr. Cox's Paddy Bird, 10st. 8lbs. (Mr. Head) 0 It was almost dark when the pouies were got away and very little interest was manifested in the event.
The Kobe Chronicle regrets to state that Mrs. Dunlop, whose husband recently died at Ikao from dysentery, has now lost her little girl Phyllis from the same disease. The very greatest sympathy will be felt with the unfor- tunate lady in her bereavement of both husband and child in this terrible way. past exe
|
1897. The position of the Society for the present year, as far as it can be ascertained, is as follows:-
Balance of working account to the 30th June as per annexed statement
Add estimate of Premium to
30th September
Estimate of Losses to pay
DIRECTORS,
Cr.
500,000.00 1,200,000.00 14,484.31 -621,182.75
257,465.79
455,735.01
074,784.53
439,686.60
$4,163,238.99
$
By cash on current account with the Hong-
kong and Shanghai Banking Corporation 84,712.38 By cash on deposit, viz. :—
Hongkong and Shanghai
Banking Corporation. Chartered Bank of India,
Australia and China Morcantile Band of India,
Limited National Bank of China,
Limited..
$213,000.00
96,000.00
50,000.00
20,000.00
379,000.00
By cash on Mortgage, viz:--
In Hongkong
In Shanghai
$503,979.87 486,488.49
990,466.30
By cash invested in Debentures, viz,:~~-
Hongkong and
Kowloon
Wharf and Godown Co., Limited
€ 52,500.00
$ 674,784.53
Shanghai Land Investment
Company, Limited
34,378.38
... 470,000.00
Shanghai and Hongkew
Wharf Company, Limited
172,500.00
$1,144,784.53 390,000.00
Shanghai Municipal Loan...
42,567.56
301,945.94
340,043.94
$ 754,784.53
In accordance with clause 36 of the articles of association, Mr. Alex. Ross and Mr. C. S. Sharp retire, but offer themselves for re-election.
Mr H. Stolterfoht has resigned his seat on the Board owing to his departure from thecolony. AUDITORS.
Messrs. J. H. Cox and W. Hutton Potts retire, but offer themselves for re-election
N. A. SIEBS, Chairman. Hongkong, 21st September, 1897.
By amount at Debit of Branches and
Agencies
By amount invested inLondon, viz. :----
In Consola, India Govt. Guaranteed Railways and
other Securities
Deposited in Bunks
34 cent rupee paper,
per
£107,054.1.0
28,000.0.0
£135,054.1.0 1,361,174.89
Rs. 600,000.00-£37,800.0.0.
By amount invested in Melbourne, viz. :---
In Government treasury bonds
and other securities Deposited in Banks...
WORKING ACCOUNT, 1896. On 30th June, 1897.
Dr.
$ C.
748,585.30
By bills receivable
To Working account, balance on 30th June,
· 1898
To net premium from 1st July to 31st
Desember, 1896
To interest
By agency commissions By agency charges By head office charges By Shanghai charges
By London charges
By Yokohama charges
By Melbourne charges
Cr.
£ 9,336.18.10
1,000. 0. 0
380,979.37
£.0,358.18.10 104,182.34
By bills remitted to London age ney, 30th
June account 720,862.05 180,754.47 By sundry debtors
$ C.
$1,578,201.82
28,265.72
14,483.16
27,772.97
16,063.85
61,806.77
8,895.80
By remuneration for half-year ending 31st December, 1896, to directors, committees, and auditors.................
By losses and claims paid
By exchange...
By bonus on contributions account 1896,
(declared 15th April, 1897) 20 per cent... By balance
10,626.74
9,721.01
671,276.53
210.13
273,338.13 455,735.01
$1,578,201.82
WORKING ACCOUNT, 1897. On 30th June, 1897. Dr.
ន
c.
To net premium from 1st January to 30th
June, 1897 To interest....
1,027,516.35 55,630.31
By agency commissions By agency charges By head office charges By Shanghai charges. By London charges
Cr.
by Yokohama charges
By Melbourne charges By Singapore charges
.....
19,186.49
994.24 199,556.24
$4,163,238.99
THE DOUGLAS STEAMSHIP COMPANY, LIMITED,
The ordinary general meeting of shareholders in the above company was held at the offices of the General Managers, Praya Central, at noon on 25th Sept. Mr. J. H. Lewis presided and there were also present Hon. J. J. Bell-Irving, Messrs. D. Gubbay (Consulting Committee), W. Parfitt (Secretary), J. H. Cox, W. Gaskell Messrs. D. Gillies, G. C. Cox, J. R. Michael, J. H. Cox. P. A. Barlow, W. Parlane, F. W. Hall, W. Bailey, P. Jordan, Apcar, A. G. Rob- son, and Chan Tong.
are
The CHAIRMAN-Gentlemen, the report and accounts having been in your hands for several days, I propose that as usual they be taken as read. There is nothing of especial interest for me to remark upon as regards the working of the steamers, beyond what is set forth in the $1,083,146.66
·S C. report. Altogether there has been a steady 17,362.12 business throughout the year, and the General
9,016.85 Managers and Consulting Committee 32,030.53 pleased to again come before you with results that we trust will be regarded as satisfactory. With reference to our funds, I may mention that since the date of the report, we have with the advice of the Consulting Committee invested some $100,000 in high class local stocks, viz: 100 Hongkong and Shaughai Bank Shares, 100 H. K. and W. Dock Co.'s Shares, and 350 H. K. Land Investment Co's Shares; in addition we are also negotiating some further advances on mortgage: these investments will materially $1,083,146.66 appreciate our interest account, and we think
By remuneration for half-year ending 30th June, 1897, to directors, committee and anditore
By losses and claims paid By exchange...?... By balance
16,456.52 55,199.78 8,294.92 14,530.65 2,010.95
10,491.37 241,762.58 300.86 674,784.53