March 24, 1900.]
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We
Tambes. G. B. Coleman and P. Frohwein. As the visitors steamed off for home hearty cheers were given for the Monadnock. understand that it is probable the performance will be reposted in the City Hall in aid of the
Indian Famine Relief Found.
LONDON COLLEGE OF MUSIC.
EXAMINATION RESULTS.
>
The results of the examinations held in De.
cember last in connection with the London College of Music are announced. The candi- dates in pianoforte playing were examined by Mr. A. G. Ward aud Maestro A. Galluzzi, of the Royal College of Music. Naples. The Theory papers were sent to England for examination.
In the following lists, the schools to which the candidates belong, or their teachers, are denoted by letters placed after the names, thus, -Mr. Emil Danenberg (D.) Italian Couvent (LC.), Mr. A. G. Wari (W.)
PIANOFORTE P: AYING.
CHINA OVERLAND TRADE REPORT.
201
able auspices, the returns for January and February being highly satisfactory; those of March give promise of being equally so. Our aerated water factory in Mason's Lane is being fitted up with the best and modern machinery procurable in England. We have secured the services of Mr. McLaughlin, who arrived from England 1st January, who, besides being a fully qualified pharmaceutical chemist, has had extensive experience in the manufacture of THE HONGKONG HOTEL COMPANY, aeratod waters. We have purchased a steam launch suitable for our harbour work, and in the course of a few weeks shall be turning out mineral waters of a quality unsurpassed by any in the Orient. Before proposing the adoption of the report and passing the statement of accounts, I shall be happy to answer any quoɛ.
you may desire to ask.
shall be pleased to answer any questions to the best of my ability that any shareholders would like to put.
There being no questions the CHAIRMAN proposed the adoption of the report.
Mr. MANSELL seconded and the motion was foarried.
This was all the business,
tions
No questions being asked, the CHAIRMAN proposed the adoption of the report.
Mr. J. R. MICHAEL, in seconding, said he thought the report and accounts would commoud themselves to the shareholders. In his opinion they were very favourable when they considerad that the capital of the company was not aub. scribed until late in the year. The General Managers had been untiring In their endeavouɛs First Class. Emily Angell (Honours) (1. C.) | to promote the business of the company, and zo
Serene Mehta (D.)
ADVANCED SENIOR SECTION,
SENIOR SECTION.
long as they continued to give their full stten- tion to it there would be no fear as to the results First Class-Florence Shaw (Honours) (W.), continuing to be as satisfactory and of a pro-
Adelina A. Wilsou (Honours) (W), Petro-gressive and improving nature. nilla M. L. da Rozu (D., Maria A, Hyud- mau (D.) First Class.-Elizabeth Best (Honours) (I. C.), Ninu Rozario (Honours) (I. C.), Alfred F. Sheffield (Honours) (D.), Mary Guterres (I. C.) Second Class. Grace H. Wilson (W.), Emma
Kingsley (L. CL Mary White (L. C )
INTERMEDIATE SECTION,
ELEMENTARY SECTION,
First Class-Eva Rodger (Honours) (D.), Philip
George Hendley (Honours) (D.) Second Class.-Katie Enanson (1. C.). Florence Hopwar (I. C.). Maggio Hurley I. C.), Maggie Brewster (L. C.), Evelyu Hopwar (I. C.)
1
THEORY.
SENIOR HONOURS SECTION,
First Class-Ruby Ley Kum (W.)
INTERMEDIATE SECTION,
First Class-Serene Mehta (D.) Second Class-Florence Shaw (W.), Adelina
A. Wilson (W)
JUNIOR HONOURS SECTION.
First Class-Aida M. Alves (D).), Petronilla M.
L. da Roza (D.), Emily Angell (D.C.
ELEMENTARY SECTION,
First Class-Elizabeth Kingsley (I.C.), Eva
Hurley (LC.), Maggie Hurley (1.C.) The BELILIOS MEDAL for girls is award to Miss E. Angell, of the Italian Couvent; that for boys is not awarded.
Prizes are awarded to F. Shaw, E. Best and Eva Rodger.
WATKINS LIMITED.
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The CHAIRMAN thanked Mr. Michael for his kind remarks, and added: I only hope that when we have the pleasure of meeting next year we will be in the position of declaring a very much more satisfactory dividend. That is all the business, gentlemen. I have to thank you for your attendance here this morning. Dividend warrants will be issued on Monday."
On the 17th inst. at noon, the first ordinary general meeting of Watkins, Limited, was held it the offices of the company in Queen's Road Central. The General Managers (Messrs. G. A, Watkins and Chan A Fook) were present, Mr. Watkins presiding, and also the following gen- tlemen, representing 6,610 shares:-Mesars J. R. Michael, K. W. Mounsey, H. Varrelmann, E. T. Skertehly, T. Yale and Chow Hou Wah. The CHAIRMAN said-Gentlemen, with your permission we will follow the usual course adop. ted at meetings of this kind and take the report and accounts, which have been in your hand, for some days, as read. Your General Managers are gratified at being able to lay before you what they consider a very favourable report for the year 1899. We have a sum of $15,024 nett profit on the year's working available for dis- tribution, which we recommend should be dealt with in the following mauner. Pay share. holders a dividend at the rate of N per cent. per aunum on the paid-np capital of the company, absorbing $8,000; carry forward the balance of $7,022,43 to a new profit and loss account. This we trust will be acceptable to you all. We have entered on another year under favour-,'
THE QUEEN MINTS, LIMITED,
The first ordinary meeting of shareholders in the above company was held at noon on the 22nd inst at the company's offices, 38 and 40, Queen's Road Central, Mr. Hart Buck presided, and there were also present: Messrs. C. Ewens, S. Rustomjee (consulting committee). A. II. Mansell, W. D. Sutton, D. W. Craddock, and Tan Chan Pak.
soon
con-
as
SIMITED.
The fo lowing is the Report of the Board of Directors for presentation at the ordinary meet- ing of shareholders, to be held at the Company's Hotel at noon, on Tuesday, the 27th March, 1900.
To the Shareholders of the Hongkong Hotel Company, Limited.
Gentlemen, In accordance with Section 53 of the Company's Articles of Assosiation, the directors beg to submit their half-yearly re- port for the six months ended the 31st Decem- ber, 1899.
ACCOUNTS.
The profit on working account for the half-year amounted to $77,183.11, as compared with $62,800.94 for the corresponding six months of 1898, showing an incredse of $14,373.17.
The profit and loss account including a credit balance of $15,448.85 brought forward from 30th June, 1899, shows a credit balance of $90,285.33, which your directors propose to To write off furniture and fixtures $15,000.00 deal with as follows:-
To place to reserve fund To pay a final dividend of lu
cent. per
for the half-year, absorbing To carry forward to new account
15,000.00
60,000.00 285.33
$90,285.33
The dividend, with the 6 per cent. paid for the previous half-year, gives á return of 16 per cent. on the paid-up capital for the year.
LAUNCH !
The old launch was sold at a profit of 82,000" over its book value, and a new and more suitable boat has taken its place.
DIRECTORS.
Messrs. R. C. Wilcox and E. Osborne retire by rotation, but offer themselves for re-election.
AUDIT.
The accounts have been audited by Messrs. W. H. Potts and W. H. Gaskell, whose re. election is recommended.
Capital-
EDWARD OSBORNE,
Chairman.
BALANCE SHEET, 31st DECEMBgr, 1899. LIABILITIES
$ 0.
12,000 shares at $50 each (fully paid up) 800,000.00 1,000 mortgage debentures at $100 each ́.. Accounts payablo Unclaimed dividends
Balanco at credit of repairs and renowals
account
Reservo fund
Profit and loss account
ASSETS.
500,000.00
24,513.73
749.50
6,143.35
30,000,00
90,285.83
$1,251,601,91
The CHAIRMAN said-Goutlemen, I will with your permission adopt the usual course and take the report and statements of accounts as rend. The accounts speak for themselves, and I do not think require any additional explanation from me Our year's work, I am sorry to say, has not been marked by good fortune, and up to the present time, though prospecting has been steadily going on, we have as yet had nothing very encouraging reported to us. The latest report from the mine is tained in a telegram from our mining man. ager received a few days ago, which reads thus: "It the 400 feet level hire driven 265 feet. The winze has been sunk 70 feet; there is no improvement. We are driving south level 200 feet. The average width of lode, which is 3 feet 6 inches, assays 5 dwts, per ton. The face improves as we go on It is my intention push on in this love! as possible." It appears by this that our most promising level at present is the 200 feet south, and in a lotter received this morning from Mr. Roberts speaking of this level, be says: "Tho meu taken from the winze bare been set to work extending this level, which is the only part of the mine in which we can find any formation that presents au eucouraging pro- spect. The work corrosp nds in a moisure with that which we started in the Eureks eight or nine months ago, and it is to be hoped that it will be attended with the same satisfactory
which ground iu result. driving has not been previously prospected, This looks rather more even at the surface." hopeful, and you will notics that Mr. Roberts speaks of the ground on which they are now driving not having been previously prospected. Stocks of wines, &c., provisions, household and in the last teiogram we are informed that the face improves as they go on. They are evidently on gold, so we may at any time hear of more favourable developments. It appears, gentlemen that the only course we can pursue is to keep steadily on and hope for the best, and I can assure you we hase every confidence that our managers in Australia will do all in their power to arrive at satisfactory results. I
The
We are
Value of land and buildings as per last roport :-
Marine lot No. 3, and remain. ing portion of marine lot No. 3 Roaining portion of marino
lo. No. 7 Praya Reclamation
Value of furniture and fixtures
as per last report Loss written off, as recom-
mended in lest report
12
$372,045.60
368,108.20 22,481.0:
762,584.82
116,239.99
15,000.00
100,239.09 88,214.74
138,454.73
275,000.00
7,033.81
26,713.57.
623.00 18,183.88
13,558.76.
764.70
Since added
.50 Hongkong Hotel Company's mortgage
debentures at $500 each Shares in public companies
sundries, coal and stationery, Licences attaching to 1001 Accounts receivable
Hongkong & Shanghai Banking Corporation Hongkong & sha ghai Banking Corporation
No. 2 account
Cash in band
New steam launch (instalments paid to date)
274.64 8,500.00
1,251,491.91
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