May 18, 1899.]
RIFLE MAI CH.
A Rifle match took place on Saturday be- tween teams representing the Royal Engineers, Volunteer Corps, the Royal Navy, and the Royal Welch Fusiliers. The following are the
Bcores :-
ROYAL ENGINEERS,
82
Sergt. Bowery
Corpl. Ramsden
32
C. Sgt. Mijr. Wallace
31
Corpl. Leadingham. 33
200: 500 600
Total. yards, yards, yards.
34 34 31 99
32
96 31 33 95 32 26 91
Sap. Clarke
30
90
Sap, King
31
23
86
Corpl. Hills
36
34
86
Corpl. Turner
27
28
248
251
725
VOLUNTEER CORPS,
Gun. Toller
33
32
Sergt. Skelton
33
30
94 92
Sergt. Drum Brown 31
31
Gun. Stewart...
30
32
Corpl, Gow
31
31
Bergt. Hart
28
31
Capt. Chapman
32
32
Sergt. McPhail
29
27
247
246
ROYAL NAVY.
Sergt. Cooper R.M.L.I. 3!
| $ ÷ 8 ≈ 6 8 × 8 J
1288852518 3985683815
5883888N
221
9u 89.
-89
88
87
85
714
95 93
91
88
87
Corpl. Brewster
29
Pt. Bland
33
Lt. Strong. B.M.L.I.
31
E. R. A. Beok
33
W. Read
28
86
Pt. Endicott
29
86
Lt. Goodenough
32
32
86
246 249
217
712
7
ROYAL WELCH FUSILIERS.
Corpi. Sutherland..
32 34
Lt. Geiger
32
31 97 32 30 94
Sergt. Burke
30
29 92
Col. Sergt. Jones
32
30
28
90
-Cherters
31
34
25
90
Sergt. Doolau
30 28
28
86
Col. Sergt. Ruscol... 29
P. Pond...
27 85 28 24 25 77
$838388
244 244 223 711
THE ROYAL HONGKONG GOLF CLUB.
CAPTAIN'S CUP AND SILVER MEDAL FOR
MAY.
CHINA OVERLAND TRALE. REPORT.
Wet weather during the meeting interfered somewhat with the attendance of members for the monthly cup and pool, the entries for which were much below the average, and the returns
poor :-
Mr. U. A. Tomes
CAPTAIN'S CUP. Lient. Rotherham, R.W.F. 99 11 88 Mr. J. F. Noble
104 15 89 Mr. S. Fulcher
104 14 90 100
92
Mr. S. Fulcher... Mr. C. A. Tomes
7
15 entries.
POOL.
++
104 14
100
8
2 entries. PROFESSIONAL PAIRS.
90
33
92
399
mainly due to augmented profits in Manila, the reduction of £10,000 in the net amount of Hongkong, and London. The disastrous fire premiums as compared with the previous year which occurred at our Hankow branch last being due to the reduced limits retained, and not July recessarily entailed a loss of business, and to any falling away of business. The expenses caused a falling off in the profits of that branch incurred in the liquidation of the old accounts for the year under review. But for this we fall heavily on 1898 account, and a large por- should have had an even better result to pat tion of these expenses is really chargeable not before you.
You will have noticed that the against the income of 1898 but of 1895/1897. I property known as Remaining Portion In-am glad to report that the end of our liability land Lot No. 19 and the buildings thereon does under these old accounts is in sight, and the not appear amongst your assets this year, hav-amouut still to be paid cau now be closely ing been sold for $115,000 as mentioned at our estimated. Since the beginning of the current last meeting. Against this your local and year we have paid £3,250 on the accounts prior general liabilities, bank loan account, and to 1898, and it is reasonably certain that another bills payable have decreased altogether by £3,0:0, or at most £1,010 will finally liquidate $117,398.92. whilst your asset of cash in band these accounts. Our expenses for the first quar and at bankers is increased by $21,050.75, ter of this year are £1,500 less than for the cor- Your properties, standing in the books at a responding period in 1898. From the gales in the total of $234,000, have enhanced in value. This English Channel and Atlantic during February. is especially the case with the Kowloon Inland March we were interested in vessels totally lost Lots 540, 550, 551 and with Inland Lot No. to the extent of £2,600 only, and our financial 16 and the buildings thereon, which could now position to-day is stronger than at the date of be sold for considerably more than the amount the report now before you. We have ample at which they appear in the accounts. The funds for the security of our policy holders, as, whole of the block on Inland Let No. 16 is after providing sufficient amount to cover well let at remunerative rentals. The volume
outstanding liabilities we have £30,000 of cash of business for the first four months of this capital intact, besides the uncalled liability on year shows an increase over the corresponding the subscribed shares. With regard to the period of last year, so that we see no reason, if scheme of reconstruction, which has been ac- all continues to go well, why we should not cepted practically unanimously by the share- come before you with equally good results next holders, a telegram has this morning been re- year. Before proceeding to the adoption of ceived from Mr. Forwood, stating that satis. the report and statement of accounts, I shall factory progress has been made, that the Board be pleased to answer any questions referring to of Directors of the new Company is all but them.
complete, and that he will report completed ar- rangements very shortly. I shall be glad to answer any questions and give any further in- formation you may wish for.
Conditions and draw are posted at the Club house. First ties to be played on or before 15th inst., second ties by 22nd inst.. and semi final on or before the 30th inst.
No questions being asked the CHAIRMAN moved the adoption of the report and accounts.
Mr. Cox seconded. Carried.
On the motion of Mr. R. E. HUMPHREYS, seconded by Capt. Clarke, Mr. F. Maitland was
re-elected auditor.
The CHAIRMAN announced that the dividend warrants would be ready at ten o'clock this morning.
OLIVERS FREEHOLD MINES, LIMITED.
We are informed by Messrs. John D. Ham. phreys and Son, General Managers of Olivers Freehold Mines, Limited, that the following telegrams have been received from their Agents in Sydney:
During April 390 tons of stoue were crushed for a yield of ¡18 czs of retorted gold, mill ran 15 days.
Mr. Roberts (Consulting Engineer) Mr. . Banks (agent) leave for the mine to-
morrow."
44
•
Mill stopped for boiler to be cleaned and re- paired 12 days. Developments promise well. The shute at the 200 ft. level south assays 23 dwts. per ton; the width of the rein is 2 ft.; this is perfectly new to us. This intermediate drift at 250 ft. North, 2 ft. inches wide, assays 31
|
dwts. per ton. Cannot work the mill full time owing to stopes not yet ready. The whole of the upper levels above-150 ft. worked out. In- structions have been given given to crush only high grade ore'
There being no questions, on the motion of the Chairman, seconded by Mr. Abrams, the report and accounts were adopted and passed.
The re-election of the retiring director and the auditors concluded the business of the meeting.
JELEBU MINING AND TRADING CO., LIMITED.
?
SHAREHOLDERS' GENERAL MEETING, The nineteenth ordinary general meeting of the shareholders of the Jelebu Mining and Trading Company was held at Singapore on the 29th April, for the purpose of receiving the directors' report and accounts for the half- year, ended February 9th last. Mr. Arnot Reid presided and there were also present: the Hon. Dr. Lim Boon Keng, Messrs. D. P. Mac- Dougall, and Jackson Millar (directors) and Messrs. E. M: Nathan, H. Hilton, J. Gardener, Allan, Diaz, H. Windrath, Yeo Swee Hee, W.
Ewald and B. A. Alias, shareholders.
The Chairman said—Genlemen, I regret that Mr. Joaquim, our chairman, is unable to be
present because of illness. It has therefore been suggested that I should take the chair, and I will follow the usual precedent by pointing out that the report and accounts have been circulated, and by asking you to take them as read. Any further informa- tion beyond what is in the report that I can give you I will be pleased to give, but I think you will find the report is so de- flnitely informing on some points that there is little more to add. The condition of the Jelebu Rin Lode, in which you are all much interested, is described in the report accurately. Nevertheless, it may interest you to hear the, following extracts from a letter from our min. ing manager, dated the 15th April. Mr. Roberts, writing on that date says:—
51 RAITS INSURANCE CO., LIMITED. The twenty second ordinary general meeting of the Straits Insurance Co. was held at Singa- pore on the 3rd May for the purpose of receiv- ing the Directors' annual report and accounts. ***The Hon. T. C. Bogaardt took the chair and there were also present Messrs. D. W. Lovell, T. S. Thomson, Hon. G. S. Murray, A. W. Stiven, W. Naef Directors; Hon: J. Burkin- "I have the honour to inform you your minė shaw, legal adviser; Mr. A. S. Murray, secretary; | is now looking better than at any previous time, The annual meeting of the shareholders o
Messrs. Gentle, Moses, Catto, Chew Swee Tiong, and the lodes at the lower levels are turning A. S. Watson & Co., Limited, was held at the
Loh. Yap Soon, R. E. Sassoon, L. B. Hanna-out well. At the 160 ft. level, we have both No. Hongkong Dispensary on the Sth May. Thereford. H. Abrams, shareholders, representing 1 and 2 lodes; the former averages 3 feet thick
A. 8. WATSON
୫ LIMITED.
were present Mr. H. Humphreys (Chairman), Captain Clarke, Captain Hall, Messrs. J. A. Jupp. R. E. Humphreys, W. S. Bamsey, G. C. Cox. E. H. Joseph, J. A. Tarrant, and A. H. Mancell, (Secretary).
The CHAIRMAN said-Gentlemen, the report and statement of accounts having been before you since the 29th April we will with your permission consider them as read. The net profits of the Company for 1898 are greater than those f for 1897 by $14,038.23. This is
18.470 shares.
The Chairman said-The fifteenth annual report and balance sheet of the Company has been in your hands for some time past nud, as customary, if you have no objection, we will take it as read. A summary of the information contained in this report was conveyed to you by circular, issued early in February, and the financial position has since been placed before von and fully explained at the extraordinary general meetings of the Company recently held. Our premium income has been well maintained,
containing 3 per cent tin ore. Drives east and west on this lode will be pushed on with as rapidly as possible. The No. 2 lode, same level, is Sft. 6in. thick to the eastward, and 2 feet to the
westward; so far we have only driven a few feet on this lode, which is improving rapidly and at present contains nearly 2 per cent of tin ore.
Proceeding at some length, with which I need not trouble you, to report on the details of the mining operations, Mr. Roberts winds up as follows:-