September 27, 1902.]
By amount invested in Melbourne, viz.:~~-
Deposited in banks
Invested in sterling securi-
ties
Market value at date
£2,000 0 A
18,-591 18 0
£20,591 18 0
By amount at debit of branches and
agencies
By bills receivable
By sundry debtors
CHINA OVERLAND TRADE REPORT.
241
Mr. E. H. HINDS-In the previous year's | new Pavilion, if the Club con'd finance the account we paid something like $2,50J for these venture. The present build ng took u̟ a lot of railings, and the Government gave $1,066 ground that was much better adapted for towards the cost of them. That was adopted leather hunting.” 247.102.8 in last year's accounts. This cost here is simply
(Laughter.) for the erection of the railings.
696,096 26 62.081.92 152,155 18
$6,735,613 32
THE ROBINSON PIANO CO.
The following is the report for presentation to shareholders at the half-yearly meeting held at the Company's office, 13, Queen's Road Central, on the 25th inst., at 12 o'clock
·
We have sati faction in presenting to our shareholders a statement of accounts for the half-year ending the 30th June, 1902, and in reporting a continuation of most successful manufacturing and trading
Our profit for the half-year has been $21,369 38 from which we have written off for depreciation of machinery and material in factory, bad and doubtful debts, &c....
3,181.43
leaving to credit of profit and loss
account a net sum of
$18,187.95 equivalent of 241 per cent. per annum on the
capital of the Company.
$7,500.00
This we propose to deal with as below, viz.:- To pay a dividend of 5 per cent. for
the half-year, absorbing... To write off good-will account (mak-
ing $10,5 0 in all)
To add to resorre.....
To carly forward to new account the
balance of...
Our reserve now stands at... and with the transfer as above of
it will stand at
There were no other questions, and on the motion of the CHAIMAN, seconded by Mr. W. R. LEWIS, the report and accounts as presented were a lopted and passed.
:
Mr. LEWIS theu proposed, and Mr. BROWN seconded, that the incoming Committee give their attention to a scheme for the erection of a new Pavilion and induce young men to join the club.
The motion was carried unanimously.
Mr. H. C. NICOLL moved that the incoming Committee be also instructed to formulate a scheme for the alteration of the rules and the appointment of a paid secretary and treasurer combined, and that an extraordinary general consider the scheme. meeting be called as early as possible to
Mr. BROWN second d, and the motion was carried withont oppos.tion.
The next business was the election of office- bearers, and on the motion of Mr. HINDS, seconded by Mr. W. J. SAUND RS, Mr. Mitchell was unanimously elected President for the ensuing year.
The CHAIRMAN next moved that Mr. Ward be re-elected hou. secretary for the coming year. Mr. Lewis seconded, and the re-app intment was unanimously agreed to.
The meeting then proceeded to the election of a Committee, and Mr. HINDS sug, ested that someone from the Racquet Court should be included in the membership
should be elected to the Committee, to go round Mr. H W. LOOKER proposed that Mr. Lewis and stir up the young men of the Colony to join the Club. (Laughter.
Mr. F. B. DEACON-And that Mr. Brown be also elected to go round and lend him a hand.` (Renewed laughter.)
The CHAIRMAN -Before proceeding with the election of officers and Committee, there are one or two subjects I should like to speak to the members about aud for this meeting to give some opinion on as a guide to the new Com- mittee. First, this Pavilion. It is in a wretched state of repair and has been patched and patched until in the opinion of your Committee it is no longer worth repairing; anyhow, I under- stand some $4,500 would be required to put it into anything like decent order. It is too small for the requirements of the Club, and it takes up valuable room in its present posi- tion the proper place for a pavilion in our opinion is the north-west corner of the ground. Mr. Hinds was re-elected hon, treasurer, pro. Mr. Ram, ever ready to do anything for cricket | tem., on the motion of the CHA RMAY, and cricketers has kiudly furnished the Commit-seconded by Mr. N COLL. tee with a plan for a new bui ding, and I think one of the first duties of the Committee you are about to elect will be to formulate soe scheme for financing the bui ding of a new Pavilion. The second subject I would like the meeting to give an opinion upon is whether the time has not arrived when the Club should have a paid secretary combining the office with that of treasurer. Unless we can get a man with plenty of leisure-a rare personage in this Colony - to tako up
the post of hen. 3,500.00 secretary, the interests of the Club must 821.11 suffer; it is impossible for a business man to give up the time required to run the Club 6,366.84 properly during the cricket season. For years past, members have growled at the way the bar 318,187.95 of this Club has been run, and they have un- doubtedly every reason for couplaint; but I see .$20,178.89 no chance of there being any improvement in this department or in others that require re organisation unless we get a paid secretary. If the members present are of opinion that we should have a paid secretary and treasurer, it would be the duty of the incoming Committee to revise the rules of the Club and call an extra ordinary general meeting to pass the same. The retiring Committee are of opinion that the Club should run the bar itself, and that from the profi's made on it a fair share civilian in the position he had indicated should
However, he was of opinion that a. of the secretary's salary would be earned. be afforded a reasonable opportunity of practis I may mention that we could get a gentleman to|ing, and he there fore begged to more that two fill the post, and one in every way fully com. net be reserved three afternoons during the petent to fill it, for a salary of $50 for the first week, from 4.30, for the use of civilians. | year. The third and last subject I have to speak to you upou is one of greater importance than the previous ones, and one on which the future of our great national game in this Colony rests; it is the want of interest taken in cricket in Hongkong during the past three years. The young men arriving in the Colony neglect batting and bowling averages to see how few the game, and you have only to turn to the civilian members figure there; and yet, in all our business houses, there must be a ve y much larger Lumber of men to be drawn upon than there was, say, six years ago. I am extremely sorry to see such a lack of interest in cricket by the young men ef the Colony, and hope that this season they will awake from their lethargy and show that our national game is still to the fore in this outpost of the Empire, as it is in
country and
821.11
$21,000. 0
We have re-taken our old Bangkok connec tion and are receiving satisfactory results. Our limitation in Penang has also expired and that field is now re-open to us.
To look after our interests in Siam, the Straits, Borneo, Sumatra, &c., we have re- engaged Mr. R Myram as traveller. He has a sound knowledge of the districts and language, is experienced, and we are confident a substan- tial increase in our already good trade with outlying districts will result.
The accounts have been certified by Mr. W. Hutton Potts,
W. VAUGHAN ROBINSON, General Manager.
HONGKONG CRICKET CLUB. The annual meeting of the Hongkong Cricket Club was held in the Pavilion on the 23rd inst. There was a good attendance of members, and Mr. E. W. Mitchell, chairman of the Com- mittee, presided.
The notice calling the meating having been read by the Secretary, Mr. A. G. WALD,
The CHAIRMAN aid-Gentlemen, you have had copies of the report and accounts posted you, and with your permission I will take them as read. I regret the financial position is not so favourable as it was at the last annual meet- ing, and this is mainly due to heavy expenses incurred at the Interport matches and repairs to the Pavilion and the Racquet Court. You will notice in the accounts that we show for the first time our assets, and these will be presented yearly in future. Before formally proposing the adoption and passing of the report and accounts as presented, the Committee will be pleased to answer any questions that members may wish to put.
Mr. E. G. BARRET(-Mr. Chairman, there is one small item which you might make a little olearer. The item "Erection of Railings" is put down at $751, and in another column it says that we received $1,000 odd from the Government towards the cost of these railings. | Is the balance still unpaid, or was it paid in the previous years?
|
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the mother (Applause.)
in
Australia
Mr. LEWIS thought that with regard to the Pavilion they had better pledge themselves to a new site, and suggested that the incoming Committee should adopt the one recommended by Mr. Ram. As to the want of interest in cricket shown nowadays by the young men of the Colony, that might be remedied by the captain of the Club going round the various business houses and ei couraging the young men there to come and join.
The SECRETARY pointed out that according to Rule 10 every eleven elected its own captain, 80 that there was no such official as a captain of the whole Club.
Mr. LEWIS-Allow me to suggest the Presi- dent, then. (Laughter.)
Mr. L. E. BROWN said he quite agreed with Mr. Lewis as to the desirability of having a
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Whilst the ballotting was going on, Mr. P. W. GOLDRING made a suggestion for the retaining of nets for civilian members. It was very hard sometimes for these civilians to get away from the office, he said, and still harder to find that when they got to the Cricket Ground there was not a net to be had, all of them being taken up by naval or military men. Against neither he desired to say one word of complaint, as a glance at the batting and bowling averages would show their great value to the Club and the interest they took in the game.
The CHAIRMAN said he was fully in sympathy with Mr Goldring, and suggested that it be left to the incoming Committee to draw up the necessary rule.
To this Mr. GOLDRING complied, and the suggestion information of the incoming Committee.
was accordingly noted for the
following members to the Committee-Mr. The ballot resulted in the election of the E. J. Grist (36), Mr. F. Maitland (35), Dr. J. M. Atkinson (24), Captain H. Cadogan, R.W.F. (20), Major J. Wynne, R A. (15), and Mr. F. B. Deacon (14).
THE CRICKET SEASON. We are asked to announce that the Cricket Ground will be open for play on Wednesday, 1st October, and that the fist match of the seas ›n will take place on Saturday, 4th October.
The Straits Times writes:- A number of raised $25 notes of the Netherlands Trading Co. are believed to be in circulation in Deli. and some have already been passed to and refused have been raised to $100, and the change has by the Chartered Bank there. The $25 notes been so skilfully effected that it requires an expert to detect the difference between the bad notes and the genuine ones. In fact the work is so well finished that it is believed it was done in Europe. danger of accepting such notes. Apropos of the The public are warned about the foregoing, the Pinang Gazette advertises $500 reward for any information that will lead to the conviction of the guilty parties concern d in the circulation, at Penang, of certain forged notes on the Medan branch of the Netherlands Trading Co.
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