February 12, 1898.j
CHINA OVERLAND TRADE REPORT.
THE SOY CHEE COTTON SPINNING | per cent Tls. 4,496.56 for the General Mana
CO., LIMITED,
The third ordinary general meeting of share- holders in the above company was held at Shanghai on the 31st January, at the offices of the General Managers, Mr. G. Galles providing The following were also present:-Messrs. E. Karbe, F. W. Koch, Sun Chung-ying, Woo Sew-chin (Directors), P. Arnhold (General Manager), A. W. Danforth, A. Dabelstein, E. Davis, H. Lehmann, R. M. Campbell, A. Cushny, and J. Nölting, representing 1,698 shares. Dr. Zimmermann was present officially from the German Consulate.
ger (in accordance with Article 24 of the Rules of Association) there remain Tls. 40,469.00;]
It is proposed to pay a dividend of 4
per cent. equal to Tls. 20.00 per share, which will absorb Tis. 40,000 and to carry forward the balance of Tls. 469 to new account.
Mr. A. Wasserfall retired on leaving for Europe, and Mr. F. W. Koch has joined the Board.
In accordance with Article 12 of the Rules of Association two members, Messrs. Galles and Karbe, retire, but, being eligible, offer themselves for re-election.
Captain Dyson, A.PD, o Egerton, b Mackenzie .. Capt. Langhorne, RA
1.b w., b Crawford Lieut. Lethbridge, K O.R., c and b Campbell............. Rev. G R. Vallings, b
-Campbell
A, G. Ward, e Crawford,
b Campbell
H. S. Moberley, HK.R.,
not out L. Wall, R.N., 1 b., b
Campbell
F. Lammert, run out
Extras
Total
3
24
105
e Egerton, b Lowson 9.
Mackenzie, b Craw-
ford.........
48
0
o Anderson, b Lowson
18
o Maitland, b Lowson 9
4 not out
39 1 b.w., b Crawford
BOWLING ANALYSIS,
The accounts have been audited by Mr. Joh. Nolting, who offers himself for re-election.
PHILIPP ARNHOLD,
General Manager.
Lowson Tls.
Wood.......... 3 1,000,000.00. Mackenzie
Capital account Overdraft at bankers Accounts payable.... Profit and loss account
Property Buildings Machinery Furniture
Yarn in stock.
LIABILITIES.
143,338.01 Mackenzie
Wood.
249,646.54
629,613,79 Peile
2,266.62 Maitland
Overs, Maid. Runs. Wides, N.B. Wickets.
34
15
o Maitland, b Lowson 28 15 1.b.w., b Lowson...
3.
7
Extras
...
186
Total
...181
First Innings.
20 7: 47
21
8
2
20
237,660.93
Anderson
1
8.
31,507.68
47,332.17. Q
Campbell
14
-45
Tls. 1,316,500.75
Crawford Stewart
5
27
2
9
Second Innings.
Lowson
18
2
54
ASSETS.
Tls.
6
33
3
15
4
1
13
3
13
34
22,531.84
26,612.29 Anderson
Stewart
1
12
2
6
2,45.00
SCOTLAND.
12,023.19
1st Innings.
2nd Innings.
1,650.98
5,044.88
Lieut. (ampbell, HKR.,
b Vallings...
45
c and b 8. Smith
2
171.99
Tla 1,316,500.76
A. 8 Anton, bT. S. Smith Lieut. Egerton, R.N., st.
Pead, b Wall
0
b Vallings
16
17 l.b w.,
b Gillett
3K
7 b Gillett..........
48
Tis. 897.90
J. A. Lowson, o Sub, b
Wall
9. Pead, b Vallings
33
1,332.17
-Peile, R N., c and b Wall
H. Stewart, b Gillett
8
c. Lammert, b Gillett 14
0 not out
4
Tls. 48,229.26
A. Auderson, e Moberley,
b Gillett..
1
run out
Cr.
Tls.
D. Wood, e Dyson, b Wall
3 b Gillett
18
36.73
24. c and b 8 Smith
90.85 48,:01.68
L Crawford, not out.
0 b S Smith...
1
Extras
Tla. 48,229.26
Total
.180
otton and cotton waste in stock
Cotton and yarn in process. Coal
Mill stores
Sundry debtors
Unexpired fire insurance premia Cash in bands of compradore
The Chairman, in proposing the adoption of the report and accounts, said-Gentlemen, the report and accounts having been in your hands for some time, I will, with your permission, follow the usual course and take them as read. As-you will have seen from the report, our mill commenced working on the 25th March last, with 1,500 spindles, increasing gradually to about 35,000 spindles by the end of the year. The full capacity of the mill, viz., 40,000 spin- dles, have been erected for some time, but we have been unable to put them all in working order owing to the scarcity of labour, which still continues. Now that the Chinese holidays are over, we trust to overcome that difficulty very soon. We are quietly and steadily or- ganising the working of the mill into such a system as we hope will produce the best results as regards \production and wages. The difficulties in our way are chiefly un- skilled labour, which causes a much larger amount of waste than would be shown in a similar mill at home, and a certain amount of pilferage which is going on in spite of a very severe and strict supervision. Both these mat- ters are being gradually overcome, and I think I am not promising too much in saying that when we next meet again we shall be able to To interest lay, before you better results. (Applause.) You will perhaps agree with me that this first period of working is not unsatisfac- tory, considering a new industry with un skilled people, totally unacquainted with millwork. The machinery is giving entire satisfaction and the buildings are in every re- spect eminently adapted for the purpose. As to the accounts, they do not require any explana tion, but I may mention that our stock of cotton, yarn, and by products has been estimated at a very safe figure, so much so that, since closing our books, we have sold our entire stock of
yarn at prices showing a fair profit over and above the valuation in stocktaking. In conclusion, believe that I am fully justified in congratulat- ing the shareholders on their property, from which in course of time they are certain to reap very satisfactory returns. (Applause.) Before proposing the adoption of the report and ac counts I shall be happy to answer any questions you may wish to ask.
There were no questions, and the Chairman proposed that the report and accounts be ac- cepted and passed.
Carried unanimously.
To balance
PROFIT, AND Loss Account. Dr.
By transfer fees
By rent on Chinees house e.... By balance of working account
CRICKET.
WORLD. V. BCOTLAND.
221,100.70 | Crawford
This match, played on Friday and Saturday. last, ended in the defeat of the Scots by 71 ruus after some low scoring due to a sticky wicket which also allowed of the four innings being played out. At the close of play on the first day, the Scots seemed to have the best of the game, and when the World had to bowl and field with a wet ball on the morning of the second day, it was expected that the other eleven would make a lot of runs rapidly. A collapse, however, took place and the Scots were out for 116, their last seven wickets yielding but 54 runs, thanks to some good trundling by Wall. The best
The Chairman proposed that a dividend of batting display was given by Moberley, though Tls. 20 per share be paid.
Carried unanimously.
he was closely run by Langhorne, Gillett, and Campbell. Smith and Wall adopted pay- Mr. R. M. Campbell proposed that the direc-ing forcing tactics in the second innings, tors be re-elected en bloc.
as also did Maitland and Lowson in their second
Mr. Danforth seconded, and it was carried unanimously.
Mr. R. M. Campbell proposed that Mr. J. Nölting be re-elected auditor for the ensuing
year,
Mr. Cashny seconded, and it was carried unanimously.
The proceedings then terminated with a vote of thanks to the Chairman, proposed by Mr. E. Davis.
REPORT.
The General Manager is submitting a state. ment of Receipts and Expenditure to the 31st December, 1897, together with the result of the working in 1897.
The Mill began working on 25th March with 1,500 spindles, increasing to 34,944 spindles till end of the year and averaging 34,000 spindles working day and night for four mouths and a half. 7
The Profit and Loss Account attached shows a balance at credit of Tls. 47,332.17.
After a deduction of 5 per cent
Tls.
1 2,366.61 for the Legal Reserve Fund and 10
|
attempt when they went in against a total of also batted soundly in both innings and was, 251 and scored 64 for the first wicket. Egerton like Pead, invaluable behind the stamps. For their respective sides Lowson and Campbell, and Wall and Gillett were the most successful bowlers, whilst Vallings also proved a most serviceable change on two occasions. Peile at point and Anton and Maitland in the country did smart work, the catch which disposed of Wall on Saturday afternoon being exception- ally good and only equalled by the and b which disposed of Peile earlier in the same day. The World's fielding was, with hardly an ex- ception, of good quality. This week the return match with the Garrison will be played. Ap- pended are the score and analysis :----
THE WORLD.
1st Innings. Lieut Gillett, R.N., b
Campbell
T Sercombe Smith, I b w,
b Wood
Surgeon Pead, R.N., b.
Lowson
2nd Innings.
42 b Lowson ............ 5
15 o Egerton, b Lowson 37 st. Egerton, b Mac 10 kenzie
F. Maitland, e Langhorne,
b Wall
A. Mackenzie, o S. Smith,
b Lammert
Extras
116 Total
BOWLING ANALYSIS.
Overs, Maid. Runs. Wides. NB. Wicketa
First Innings.
Sercombe Smith Gillett
5
-
19
M
18
4.2
4 39
19
19: 10* 28
Lammert Wall Vallings......... 2
Wall
Gillett Lammert Vallings.. 8. Smith
10
Second' Innings. 8 1 40 15.1 6 53.
7
34
6
1 20
10
1. 30
2
2
1911
THE ROYAL HONGKONG golf CLUB.
BEST SCORE CUP FOR JANUARY. There were twenty-one entries for this monthly competition and the following are the returns handed in :—
Mr. G. Millward Mr. E. F. Mackay... Mr. G. Stewart Mr. A. J. McClure
Mr. C. W. May
Mr. E. A. Ram Mr. P. de C. Morris Mr. J. Hastings
93 15 78
100 20 80
87
.3
84
103
16
87
92
4
97
9 88
102 13 89 105 12
CAPTAIN'S CUP FOR FEBRUÁRY.
:93-
A fair number of competitors entered for the above 'oup, and we are glad to note the scratch men were in the van on this occasion. The fol lowing are the returns:-
CAPTAIN'S CUP. Capt. Urmston, R.M.L.I. 84 Mr. C. W. May Mr. E. A. Ram Mr. G. T. Veitch
8888
93
98
89.
109
20
89
22 entries.