88
January 14, 1899.]
Capt. E. Burnie...
106
18
Mr. E. F. Mackay
99
11
Mr. C. A. Tomes
102
*=*
Mr. H. W. Robertson
107
10
882
88
94 94
25 entries.
POOL.
Surg. N. J. Smith, R.N. 100
0c to c 00 03
18
Mr. R. H. Hill...
99
16
I
Mr. G. Stewart
86
3
Mr. E. Burnie
103
18
Lt. Perry Ayscough, RN. 100
13
Mr. E. F. Mackay
99
11
Mr. C. A. Tomes
82
83
83
*88*188
85
87
102 8 94 19 entries. The quarterly meeting for the "MacEwen" cup will be held from 13th to 16th inst.
THE WANGHAI WAREHOUSE AND|
STORAGE CO., LIMITED.
The following is the report for presentation to the shareholders at the eighth ordinary an nual meeting, to be held at the offices of the General Managers at 3 p.m. on Monday, 16th January
The General Managers beg to submit to the shareholders their report on the working of the company, with a statement of accounts, for the year ended 31st of December, 1×98.
In the same way as in the previous years in interim dividend at the rate of $1.50 per share was paid on the 9th July out of the half-yearly rental from the Hongkong and Kowloon Wharf and Godown Company, Limited. The balance now at credit of profit and loss account, includ- ing the balance of $348.21 from last year, amounts to $4,287.18: After providing for the final dividend at the about rate, absorbing $3,900.00, there remains a small surplus of $387.18, which it is recommended to carry for- ward to new profit and loss account.
AUDITOR,
The accounts have been audited by Mr. F. Henderson, whose re-election is recommended.
MEYER & Co., General Managers. Hongkong, 10th January, 1899.
LIABILITIES AND ASSETS, 31ST DECEMBER, 1898. - To capital account:-2,600 shares at $100, $ 0.
of which $37.50 paid up
To mortgages of
To mortgages of
140,000.00 20,000.00
To dividend account
"
To reserve fund
To balance of profit and loss account
By Hongkong and Shangbai Banking Cor-
poration..
By property account
"
97,500.00
180,000.00 : 32.50 2,500.00 4.287. 8
$264,519.68
CHINA OVERLAND TRADE REPORT..
cular, as shown on plan. The reef is 20 inches wide.
300 foot level North-Distance driven at end of month 145 feet. The reef at this point is 9 feet wide, but of low grade. By driving another 30 feet and putting up a rise 10 or 15 feet a decided improvement should take place.
Intermediate drives North and South below the 200 feet level.-Continue to supply a large quantity of fair grade ore. The drives have been extended to distances of 106 and 73 feet respectively and the stops above look fairly well.
"} EUREKA MINE “B SHAFI. 126 foot leral North.--A chamber has been cut 10 feet long, 1 feet wide, aud 9 feet high, bearers put in, and the timbering of shaft and permanent ladder-way completed from the sur- face to chamber. A cross-cut drive has been started to cut reef, the distance driven being 15 feet. It is expected that the reef will be ent at 80 to 90 feet from the shaft.
BATTERY.
Is in good working order after the half yearly overhaul of the previous month. The mill ran 28 days, crushing 771 tons of stone for a yield of 325 ozs. 2 dwts. of retorted gold, or approximately 84 dwts.
per ton.
The General Managers of Olivers Freehold Mines, Limited, inform us that they have received the following telegram from the mines:-"150 ft. North level is looking well. The annual clean up of the copper plates yielded 215 ozs of gold." The General Managers fur- ther inform us that this yield added to the result of the three weeks' crushing during December makes the aggregate ontput of gold for that month 416 ozs. valued at £1,600.
QUEEN MINES, LIMITED.
Messrs. John D. Humphreys & Son, the General Managers, have sent us the following report:-
Queen of the Mount Mine, Main Shaft.-After getting the engine to work and pumping the water out the shaft has been timbered and
chambers cut on the east and west sides. Drives from these will be pushed on as speedily as pos- sible to intersect the reefs.
Balmoral Mine. A tribute had been let to Cush and Wood before Mr. Jupp's arrival. An agreement has now been signed by which the Company get 5 per cent. of all gold won free of all charges. At the time the tribute was let it was a case of having the lease jumped or ar- Granging the tribute on these terms. The triba- tors at the present time are getting out very good 'stone and have about ten tons at grass which they expect to yield 5 ozs. to the 'ton or more. The men on Peel and Brown's tribute, as a result of six months' work, got five tons of stone which, crushed in the Olivers Battery, gave a yield of 7 ozs. These men have given
$ 4,5 9.68
260,000.00
$264,519.68
PROFIT AND Loss ACCOUNT FOR THE YEAR ENDED 31ST DECEMBER, 1898.
By balance of 1897
By net rent for premises of the Hongkong
and Kowloon Wharf and Godown Company for 1st Semester, 1898
0.
$
848.21
4,150.00
By net rent for premises of the Hongkong and Kowloon Wharf aud Godown Company for 2nd Semester, 1898....
4,150.00
By transfer fees of 1898
By interest account, 1898
.3.00 25.97
$8,887.18
To interim dividend paid for 1st Semester,
1898
To commission to General Managers for 1898 To net profit
0
3,900.00 500.00
4,287.18
8,687.18
OLIVERS FRE÷HOLD MINES, LIMITED.
We have received the following report from the General Managers of work done during
the mouth of November, 1898.
" EUREKA MINE A SHAFT.
150: foot level North.—This drive has been extended to a distance of 212 feet. Good stone -the best Mr. Ogelthorpe has yet seen in the mine has been met with. For some distance the drive has been driven on the hanging wall, which underlies very fast at 145 feet. A cross cat has been made, which is almost perpendi-
up work.
GREAT EASTERN AND CALI DO- NIAN GOLD MINING COMPANY, LIMITED.
The following report has been received from the Manager at the mines:--
Since my last report, the following work has been done :—
Great Eastern Mine. The leading stope north has been carried 18 feet, with the reef showing 3 feet 6 inches in the face. The same stope sonth is in 12 feet with the reef at present only 15 inches wide. The rise is up 21 feet and 6 inches. Stone raised so far about 200 tous, and some of the stuff coming up shows good gold.
north about 50 degrees east, and as long as the reef is cutting across the country it is very rich. Where we stopped driving in the north end, the reef is running with the country almost due north and sonth, and that probably caused it to be poor there, or it may be a cross reef which has cut the other one off, same as we have passed in the south end at about 80 feet. Here, however, the reef seems to have retained its richness, and we shall soon know more about it, as well as about the soft formation in the end of the drive. There is without the slightest doubt a perfect network of veins, as so many chutes have been worked on the top, and with greater depth we may expect all these veins forming a large lode. Quantity raised about 250 tons.
Rise and Shine Mine. This had to be stopped owing to foul air, the shaft being only a small one; there is not sufficient draft to carry air down in this hot weather, with all the old tim. ber below being exposed.
Bank of England ine. The stope has been carried up about 12 feet and been carried along about 16 feet. In the northern end the reef is about 4 feet wide, whilst it is getting very nar- row in the south end of the stope. The stone we raise from here is good average stuff. I have started the contractors on the rich cross-
reef north, which is 18 inches wide under foot. The total quantity raised here so far is 450 tous. Of course it is difficult to judge a heap exactly, and all the quantities mentioned must be taken as about,
CRRE PONDENU
[We do not hold ourselves responsible for the opinions expressed by our curr (spondents.]
LORD
CHARLES BERESFORD'S SPEECH TO THE HONGKONG
CHAMBER OF COMMERCE. -
TO THE EDITOR OF THE
"
DAILY PRESS, SIR,-Now that the public have had time to digest. Lord Charles Beresford's speech to the Hongkong Chamber of Commerce and, it is to be hoped, recovered from the delirious way in which everything he said and did was voted to be the very thing wanted to set matters in the Far East right, revivify the Chinese Sick Man, establish a strong Chinese Empire, boom trade, etc., I will, at the risk of standing alone with such views, give the opinions of one who has resided for nearly twenty years in China and had exceptional opportunities of studying China and the China question, opinions which are totally opposed to Lord Charles's conclusions as to what policy should from henceforth be fol- lowed by the British Government in its dealings with the Chinese question.
To begin with Lord Charles himself, before proceeding to discuss his speech and finally advance counter proposals to those put forward by him. Lord Charles first came prominently into notice at the bombardment of "Alexandria, | having acquitted himself with great credit in gallantly taking his small vessel close in under This, the forts and hotly engaging them. rightly, established him as a public favourite and he has maintained his position as such by further ́acts of dash and a wonderfully magnetic personality. He crowned all by throwing up a Cabinet Ministership when he found that the Naval Budget which he submitted, as necessary for placing our first line of offence and defence in a fit and proper condition to do its work effectively, was thrown out by his colleagues; and on appealing to the patriotism of the coun- try for support he was able to carry all before him. He then took up the organization of the Navy League, and his energy, popularity, and powerful personality enabled him to make that the great success it has been, to the lasting benefit of Great and Greater Britain and the
Zulu Miue. We had to stop the drive south owing to a rush of water from the hanging wall, where we cut a soft formation, which will probably bring us on to a new block of stone.world at large. The reef in the end of the drive is small, but shows gold freely. The leading stope south is in 30 feet, the second stope in 13 feet, and the third in 6 feet. The leading stope north is in 30 feet and the second and third stope here in about 22 feet. The reef varies in size, but a correct average would be 1 foot. We are raising fine stone. The direction of the ohnte of ore we have been working on so far both north and south is south 50 degrees west, and
With such a record of loyal work for his country and countrymen it will seem ungracions to attack his programme and to say unkind things of it and his fellow provincials from Ire- land, but if your readers think so I hope they will realize that the motive is to prevent the further sacrifice of British interests by the adoption of a foolish policy, to prevent a gigun- tio war between the national Goliaths of the world, and to hasten a peaceful solution of the