March 5, 1898.]
offer if I advertized the business for sale. With these remarks, gentlemen, I have now to lay before you an account of the liquidation and I shall be pleased to answer any questions you may wish to ask.
There were no questions and the CHAIRMAN asked some gentleman to propose the necessary
resolutions.
Mr. STOKES-I beg to propose that the ac- count submitted to this meeting and showing the manner in which the winding up has been conducted and the property of the Company disposed of be received and adopted.
Mr. GUBBAY seconded. Carried.
Mr. SASSOON proposed that the books, ac- counts, and documents of the Company and of the liquidator thereof be retained by the said liquidator upon the understanding that he will retain such for five years from this date.
Mr. STOKES seconded.
Carried.
Mr. STOKES-What about the unpaid divi- dends-the $1,300'?
The CHAIRMAN-I shall pay that over as fast as I can. There are some shares that ought to be in the colony, but they have not been pro- duced yet, and there are some in Shanghai and other places. I am going to send out a circular to every registered shareholder. In regard to the unappropriated $80; it was impossible for me to get the exact sum. I may state that the unappropriated sum is a little more than I had anticipated owing to shareholders not collecting their dividend and the Bank's interest being more than I expected.
This concluded the business of the meeting. The following are the accounts presented to the meeting :-
Voluntary winding up as per two special resolutions passed at an extraordinary general meeting of the shareholders held at the Hong- kong Hotel on 17th December, 1896, and duly confirmed at an extraordinary meeting held at -the same place on 11th January, 1897.
RECEIPTS
To A 5. Watson & Co, Lamited, on account of the concerned for business of Dakin, Cruickshank & Co, Limited, both here and at Amoy, including all assets and all liabi- lities except capital 75 cents per share on 28,050 shares...
To Hongkong and Shanghai Banking Corpor-
ation, interest on current account ..... To fees for new scrip
PATMENTS.
By Chairman; fees for signing minutes of meetings of 17th December, 1896, and 11th
CHINA OVERLAND TRADE REPORT.
bat.
The "B" team could make no headway against Vallings' bowling, Campbell being the only one who made any stand, and be was ex- tremely unfortunate in not carrying out his He was the first man to go in and his was the last wicket that fell. The eleven only Vallings managed to get a great deal of work totalled 90, of which Campbell made 34
on the ball, the sticky ground just suiting him. Following on the "B" team did better, Campbell and Atkinson putting on 62 runs for runs had been scored for seven wickets. the second wicket, When time was called 103
Score and bowling analysis :-
+1
"A" TEAM.
Lt Moberly, H K.R, e and b Campbell Lleut. Nicholas RN, b Campbell Capt. Simmonds, b Cox
A. Mackenzie, a and b Cor
E. Mast (Capt ), a and b Campbell
8. Hastings, R.N., b Cox
J Robinson, b Cox.
-179
spread out. The wind was harder on the second beat up, and the Maid Marian, Erica, and Chanticleer went away from the rest. Meteor lost her rudder at the start of the race, and had to retire. Active was sailing a good average with the whole fleet, and was a good fourth. Dart, but this was the only change, and a quick In the run down to the finish, Phoebe passed
race was finished as follows:---
H. M. S.
Maid Marian... 3 54 34 10 marks first Erica
3 55 31
Chanticleer
Active
Phoebe
32
Dart
46
Ladybird
8
4.
now :-
B'
Meteor
9
20
Maid Marian
Dart
Chanticleer
Rev. G. R. Vallings, e Dewar, b Campbell... 19 Lt. Lethbridge, K.O.R, not out
David Wood, b Cox..
Extras
Total
BOWLING ANALYSIS.
14
12
173
Overs. Maid. Runs, Wides. NB. Wickets.
H.S.Langhorne A.E. Bodington Dewar
G. D. Campbell P. A. Cor
1
19
-
19 1
2 17
}
-
81
25
TEAM.
1
First Innings. H. D. Campbell, b Leth-
bridge
G. S. Langhorne, l.b w., b
Vallings
P. A. Cox, e substitute b
Vallings..
F. G. Egerton, b Vallings. A. G. Bodington, e and b
Vallings...
Second Innings.
www.w
c Sub. b Lethbridge 15
e Lethbridge, b Wood 28
c Hastings,b Robinson (
34
14
0
0
3
4 b Lethbridge
2
run out..
0
6
J. M. Atkinson, c Hast-
ings, b Vallings
E. H Ellis, b Vallings Capt. Tancock, c and b
Vallings......
Lt. Dewar, o Vallings, b
Lethbridge
J. S. Bartrum, not out A. R Greene, cSimmonds,
b Vallings
Extras
Total
Vallings......
Mackenzie.
...
21,037.50
293.33
1.00 Vallings
Lethbridge.
$21,331.83
Lethbridge
$
0.
January, 1897, at $25 per meeting
By Supreme Court Registration fee
By H. L. Denuys, legal expenses
50.00 3.00 163.60
Robinson Wood
By advertising
149.45
By rent hotel room, stationery, printing, and
petties
48.75
By liquidator's fee
By first and final dividends paid to shareholders
on 26,346 shares at 723 cents per share By balance in Hongkong and Shanghai Bank-
ing Corporation..
Unpaid dividends, 1,704 shares at 72} cents
Balance as above, represents:
·
per share...
Unappropriated
500.00
19,100.89
3,318.14
$21,331.83
7 e Sub. b Vallings.
8
12
90
16
30
57 54
second
3 59 33
4
1 11
4
2 54
1
third
21
3 57
The marks scored in this competition are
Erica...
CORRESPONDENCE.
10 10
[We do not hold ourselves responsible for the opinions expressed by our correspondents.]
SIGNS OF THE TIMES.
TO THE EDITOR
“ OF THE DAILY PRESS,” SIR,-Within the last two or three weeks the writer has been informed by several well-to-do Chinese that they are selling their land and house property in the interior and bringing their money to Hongkong for investment; in each case giving as a reason the fact that the extortion of the officials, the piracy rife through- out the country, the failing resources of the people, and the sense of impending rebellion and consequent disorders influences them in doing so.
-
When level-headed business men, who usually reverse the operation and take money made in the colony to the, mainland for investment in real estate, are doing this and bringing their families to Hongkong there must be some:
0 e Simmonds, b Vallings 1 ground for their action.
BOWLING ANALYSIS. First Innings.
Extras
13
Total
103
Overs. Maid. Runs. Wides. N.B. Wickets.
12
Second Innings.
2
49
8
17 3 29
2
14
2 26
2
6
1
30
2
2
-
33
5
1 11
1
2
10
Hongkong, 1st March, 1898.
ALERT.
THE PROPOSED NEW POST OFFICE
TO THE EDITOR OF THE "DAILY PRESS. " SIR, Russia on behalf of herself and France and France on behalf of herself and Russia on one side, and Great Britain on behalf of herself and all the world on the other, were for a long time engaged in a very keen diplomatic contest in regard to re-arrangements in China, For a time the result was doubtful, but at last the unholy alliance seemed to have achieved success and Freedom.skrieked, for it was supposed that England had fallen. Their grasp seemed firm, but success is not success till it has succeeded.
ROYAL HONGKONG YACHT CLUB, A new power, the Hongkong and German
ROYAL ENGINEERS' CUP-SECOND RACE. February 26th, 1898.-Course. From Police Pier, Kowloon, round Channel Rocks. Kowloon Rock, Meyer's buoy, Channel Rocks (all to port), and finish at starting line; 9 miles.
HANDICAP.
scratch, allowS seconds per mile
Erica
$1,235.39
80.75
Maid Marian PLæbe
...
$1,316.14
Chanticleer
Meteor
Active
HONGKONG CRICKET CLUB.
On 26th Feb. a match was played between two Club elevens, the "A" Team and the "B Team. Mast winning the toss sent in Moberly and Nicholas. These men were not separated until 51 runs had been scored, Moberly being the first to go with 32 runs to his credit. The bowling at first was very indiffer ent, but after a double change was made, Campbell and Cox going on in lieu of Langhorne and Bodington, the wickets soon feel, Robinson, Vallings, and Wood causing a little trouble at the finish. The innings was over before 2.30 p.m, for a total of 173 runs.
--
9.51 1 min. 30 sec. 23.68 3 26.03 4
45
13
"
26.19 4
"1
"
34.40 5 47.12 7 57.28 9
26
11
27 4
11
Banks, appeared on the scene, Liberty triumphed, and all men will be gainers.
The Hon. Mr. Chater on behalf of himself and the Justices of the Peace and the Hon. Mr. Whitehead on behalf of himself and the Cham- ber of Commerce on one side and the Hon. Mr. Belilios on behalf of himself and all the public of Hongkong on the other have for a long time. been engaged in a keen diplomatic contest in re- gard to rearrangements in Hongkong. For a time the result was doubtful but at last the local alliance seemed to have achieved success and Hongkong wept in despair, for it was supposed that public interests had gone to the wall. The grasp of the oligarchy seemed firm, but a new Ladybird
power, the Hon. Mr. Ormsby, appeared on the Dart
scene, Independence triumphed, and all mên There was a strong east wind, and Phoebe, in Hongkong (except one or two interested Ladybird and Dart were reefed. Erica went parties) will be the gainers. I have not the hon- off with the lead, but was passed off Meyer's our to be a member of the Chamber of Com- Oil Works by both Maid Marian and Chanti-merce, nor even a Justice of the Peace, but if I cleer, but got into second place to the Maid had I should still say that my representatires Marian at Channel Rocks. Dart went well
were not representing with the A class boats in the strong wind, but
MY INTERESTS. Ladybird soon fell behind. Phoebe, with her
Hongkong, 1st March, 1898. reefed sail, was going fairly well, but it was not her weather. There was not much difference in time between first and last at Channel Rocks, but in the run down to Kowloon Rock and the reach to Meyer's buoy, the fleet got rather
I
TO THE EDITOR OF THE "DAILY PRESS.
SIB, I think it is undoubted that there has hitherto been an impression that the owners of property on the new Prays would benefit by