264
Potts and R. Chatterton Wilcox offer them- selves for re-election.
JARDINE, MATHESON & Co.,
General Agents. Hongkong, 30th September.
The accounts are as follows:-
STATEMENT OF ACCOUNTS
For the year ending 31st December, 1901.
C.
LIABILITIES.
Capital subscribed
$2,500,000.60
Amount paid-up.
Reserve fund
500,000-00 1,200,000.00
Outstanding dividends
6,639.00
Outstanding bonus
Accounts payable
Balance of working account, 1901
ASSETS.
Cash, on current account with Hongkong
and Shanghai Banking Corporation Fixed deposits
826.85
134,714.22 270,056.99
THE HONGKONG WEEKLY PRESS AND charters may be continued for a further period. The earnings of the other steamers of the Com- pany in the meantime are fairly sa'i factory, and it is not unreasonable to hope that in the not very distant future thero wil be a steady revival of trade to compensate us for the in- creasing cost of working expen.ca. There is nothing farther that I can usefully add, gentlemen, but before proposing the adoption of the report and accounts I shall be please i to answer any questions.
No questions being asked, The CHAIRMAN formally moved the adoptin of the report and accounts.
1 ro-
Mr. W. PARLANE-I beg to second the posal that the report and accounts be adopted. $2,112,237.06 The report is not a very satisfactory one, but considering the circumstances, and having regard to the opposition that has been made during the year, I think it is fairly satisfactory that the general managers can recommend à dividend of 6 per cent.
Hongkong and Kowloon Wharf and Go-
down Co., Limited, debentures. Chinese Imperial Government loan, 1856 United States bonds (4 per cent. loan, 1925) Interest accrued but not yet payable
$ C.
95,702.36
Hongkong & S'hai Banking Corporation Chartered Bank of Indi, Australia and
China.....
100,000.00
Mercantile Bank of India, Limited Guaranty Trust Company of New York Mortgages
25,000.00 50,000.00 50,000.00 1,213,220.19
94,000.00 54,102.93 400,000.00 34,211.38
$2,112,237.06
WORKING ACCOUNT, 1901. To amount brought forward from last ac-
count...
*
C.
To net premia received, less returns and
re-insurances
To exchange
To interest
Transfer fees
By charges, including directors', auditors'
By losses and claims paid
and survey fees, agents' expenses, &c.
By commissions..
By balance as above..
81,448.57 1,378,129.18 9,186.27 127,025.78 66.00
$1,598.855,80
8
C.
1,114,673.19
89,078.98 125,040.04 270,056.99
$1,598,855.80
The motion was unanimously agreed to. Mr. T. H. REID proposed that the Hon. R. Shewau, Hon. C. S. Sharp, Hon. C. W. Dickson and Mr. C. H, Thompson be re-elected to the Consulting Committee.
Mr W. S BAILEY seconded the motion, and it was agreed to.
On the motion of Mr. Ho FooK, seconded by Mr. A. S. ANTON, Messrs. W. H. Potts and A. R. Lowe were re-elected auditors.
The HAIRMAN-That concludes the busi- ness, gentlemen. I am very much obliged for your attendance. The dividend warrants will be posted this afternoon.
*
SPORTING NOT. S.
(Daily Press, 29th September.) We have been reminded by the publication within the past fortnight of the reports of the Cricket and Football Clubs, as well as by a welcome, if only temporary, change in the temperature that the season for sport is now at hand in Hongkong. This Colony is peculiar among ports in the Far East in the length of its dead season, so that whereas our neighbours, with equally hot or hotter climates, have been busy with cricket and even football, we are s ill looking forward to the first matches at either game. We do not know that medical experts declare the Hongkong summer more Dervating than that of Shanghai or Singapore, 345.00 or whether those plac s have a more hardy set 29.00 of residents. All that is certain is that we prefer our principal games to be played only $1,232,774.00 | during ore and the same part of the year.
ESTIMATE OF WORKING ACCOUNT.
Dr.
To the 20th September, 1902.
To premia, less re-insurances To interest, received and accrued To exchange
To transfer fees.
Cr.
By losses paid and outstanding By charges paid and accrued By commissions do... By balance
.1,137,400.00 95,007.00
$1,232.774.00
|
$ c. 488,260.00 Of course, it is not correct to say that cricket 75,000.00 has not commenced yet in Hongkong, for the 90,000.00 report of one military match Las already ap- 579,514.00peared in these columns and practice games may be seen in the Happy Valley. But the Club's season, which is after all the cricket season of Hongkong, does not open for another week- the first ball is bowled. There is therefore just time to look around before All interested in local cricket, if they were not present at the Cricket Club's meeting on the 22nd instant, have pro- bably taken a note of the discussion which theu took place. Curiously enough, however, the subject which most calls for discussion was really not discussed at all, though it was alluded to more than any other subject. Noedless to
DOUGLAS STEAMSHIP CO., LD.
The nineteenth ordinary general meeting of the above Company was held in the offices of Company on the 27th alt. Mr. J. H. Lewis presided and there were also present the Hon. C. S. Sharp, Hon. C. W. Dickson, Hon. R. Shewan, and Mr. C. H. Thompson (Consulting Committee), Capt. A. E. Hodgins, Messrs. W. S. Bailey, W. Parlane, C. A. Tomes, H. P. White, (Secretary), R. C. Wilcox, J. Hastings, T. H. Reid, J. A. Fredericks, H. A. Meyer, A. R. Ezekiel, G..Somerville, Ho Fook, o Cheung Shui, Chan King Yue, Chun Yok Ting, M. Mahomed, E. G. Remedios, J. E. Gomes, J. M. de Graca, J. M. Gomes, W. F. Melatosh, and others.
The SECRETARY having read the notice con- vening the meeting,
The CHAIRMAN said-Gentlemen, the report and accounts having been in your hands for some days, I propose with your consent to take them as read. The almost universal depression in shipping has accentuated the keenness of the competition on our coast liues, but as the result of our year's working provs, we still continue to retain the confidence of shippers generally. As regards the prospects for the current year, the Haimun and Formosa are under charter to the United States Government until the end of December, and it is not improbable that these
say,
I refer to what the chairman on Tu-sday called "the want of interest taken in cricket in Hongkong during the past three years." The young men, it is true, were reproached for this lack of interest, but none of them (I apologise to Mr. F. B. Deacon and others for class ng them for the nonce with the "old men ") uttered a word in reply. The nearest approach to such reply was the very sensible suggestion made by Mr. Goldring at the end of the meeting that two practice-nets should at stated times be reserved for civilian members of the Club. This really touches the spot, and the members of the H.K.C.C. Commit'ee should ask them selves what encouragement do young civilians get from the Club on joining. The experience of not a few is a scramble for occasional prac tice at the nets after office hours, perhaps (if they are lucky) a trial in one pick-up or off-day match, and neglect for the rest of the season.
Now various prominent members of the Club suggest that somebody (not themselves) should
[October 6, 1902.
Such
go round encouraging young men in business houses to come and join the H.K.C.C. a peregrination might be of use if the encourag- ing missionary were to assure the young men that they would occasionally get a little oricket by joining. I refuse to believe that the junior civil residents of Hongkong are incapable of playing a decent game of cricket. Yet look at the recently published averages and see how many of them played eight innings during the seasou. This of course is the result of te policy of "giving old So-and-so a chance," a policy which was not even absent during the Interport Cricket Week last November. It is very kind to old So-and-so, but not encouraging to several young Someone-elses, who are far better cricketers and whose subscriptions to the Club are found very useful.
The institution of more junior matches would do something to improve matters, if they were taken seriously-which they do not seem to be at present. The healthy rivalry of the varions Shanghai cricket clubs may be unobtainable here, but it seems lamentable that, nothing cau be done to improve local civilian cricket. foundation of the Civil Service Cricket Club was a welcome event, but it is only a small step in the right direction.
|
The
The football season is now upon us and thero is every prospect of its being a good one, at least as far as the Association game is concerned. Several new, good, and experienced players have recently arrived and teams stronger than those of the past season may be expected in the field. It is well also that the Shield com- petition should commence a little earlier, as a number of good matches will take place from the beginning of December to the end of March. This is a better arrangement than to crowd a number of fixtures into two or three months. Eight teams are expected to compete for the Six-a-side Cup and medals, and an examination of the play of participants should enable the Association captain, Mr. Bounar, to select a strong team for the Shield competition.
It will be matter of general regret that Mr. A. R. Lowe not likely to be able to take a very active part in this year's Association matches, as his captaincy and individual play last season were alike brilliant. Mr. J, W. Ć, Bonnar, the new captain, will however have the confidence of his team aud the best of results may be anticipated. The absence of Russell, Jenkins, Pfordten, Graham, and Lowe means a serious loss to the ranks of the X', but as Mr. F. Browne, the Hon. Secretary, confidently asserts that he knows where to find new talent, we must wait and hope. Meal- while Bonnar, Kew, Macdonald, Lee, Clarke, and the Taikoo contingent, Howard and anby, will ably represent the Club as before. Worcester ought to have a chance if he will get himself into condition and Le Marchande, the new ou side right, has a reputation to keep up. No doubt the six-a-side games, which are likely
add to the Captain's list, and there is plenty to be more popular than ever this year, will
of new blood fit to compos a second team on last year's lines.
८
have a captain who is a very good player and The Rugby football players, though they
is sure to be energetic, do not commence the season with very brilliant prospects. In the absence of three such excellent pe:formers as McMurtrie, the late captain, Johnston, and Sandford the team will naturally be much weakened. If Burke also is lost to the Club (of which I am not sure) the blow will be a hard one. Besttie, Danby, Goldring, Hallifax, Jordan, aud Wolfe will still be available of the more prominent players last year, but certainly some good recruits will be needed if the Club is to esc pe being defe.ted on every occasion by the Navy, its chief opponents. Perhaps if, as was suggested at the Football Club's meeting, the Rugby players were to have alternate Saturdays with the Association men on the Club ground the play would improve; at least Rugby might be a little more g nerously treated. It is chiefly outside the pack that the Club requires aid. There is no other half-back up to Jordan's form, and where are the thres- quarters? Ferhaps the Army will bring the Club some new players of merit,
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