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May 7, 1904.]
Another kind of Bougainvillea (B. glabra) is in flower, near the one that proved such a great attraction a few months &go.
MERCANTILE BANK OF INDIA, LD.
The following is the eleventh annual report of the board of directors to the shareholders. :-
The directors herewith submit to the share- holders of the bank the general balance-sheet and statement of profit and loss account for the year ending 31st December, 1903.
The net profits for that period, after pro- viding for bad and doubtful debts, and including £16,243. 11s. 2d. brought forward from last account, amount to £62,676, 18s. 6d. Out of this snm there has already been paid £4,687. 108. Od, being an interim dividend for the half-year ending 30th June at the rate of 5 per cent, per annum on the "A" shares of the Bank.
**
The directors have added £20,000 to the reserve fund, and now recommend a dividend on the
A shares at the same rate for the second half of the year, and on the "B" shares of 5 per cent. for the year. This will absorb a further sum of £23,437, 108. Od., and will leave a balance of £14,551. 18s. 6d. to be carried forward.
Mr. R. J. Black, of the firm of Messrs. Best & Co., Madras, has been appointed to fill the vacancy on the board, caused by the death of Mr. Thomas Scott.
The following directors retire by rotation, but, being eligible, offer themselves for re-election:-
WM. JACK ON, Esq., J. A. MAITLAND, Esq.
It will be necessary to appoint, auditors. Messrs. Cooper Brothers & Co., and Messrs. W. A. Browe. & Co., the retiring auditors, offer themselves for re-election.
By order of the board,
JAMES CAMPBELL,
Chief Manager.
SHANGHAI SPRING RACES.
CHINA OVERLAND TRADE REPORT.
SECOND Day.
SHANGHAI, 4th May.
CHU-KA-ZA CUP.
Mr. Toeg's Otter Mr. H. Bush's Rinaldo Mr. Scandypat's Flotsam
Time, 1,30 3-5.
SHANGHAI DERBY.
Messrs. Common & Robson's Friendship 1 Mr. Marius's Argante
Mr. Waverley's Monsoon
Time, 3.13 4-5.
:
MONGOLIAN PLATE.
Mr. R. J. Marshall's Little Mome Messrs. Toeg's and Barley's Seedcake.. Mr. Columbia's Remus
Time, 2.45.
RACE CLUB CUP.
Mr. Wingard's Vancouver Mr. Barley's His Highness Mr. Criterion's Jaggers...
Time, 4.32.
CONCORDIA CUP.
Messrs. Toeg's and Barley's Zambesi Mr. Gray's Comanche
Mr. Mowat's Coriander
Timo, 2.41 2-5.
SICCAWEI CUP.
Mr. Scandypat's Jetsam Mr. Common's Gadfly Mr. Gray's Massasort
Time, 2.39.
PEKING STAKES. Mr. John Peel's Glenburu Mr. Sponge's Dandy Dan Mr. Saltoun's Upstart
SHANGHAI STAKES. Mr. Four Stars' Sphere. Mr. Moli's Snorum Mr. Wingard's Algerine
Time, 3.19 2-5,
SPRING CUP.
3
CHAMPION SWEEPSTAKES.
Mr. Scandypat's Jetsam... Mr. Common's Gadfly
357
***
2
3
NIL DESPERANDUM STAKES.
Mr. Four Stars' Sphere...
Time. 2.36 4-5.
Mr. Grant's Glen Rothes
Mr. Saltoun's. Upstart
Mr. Cope's Galloping Dick
Time, 1.52.
ROYAL HONGKONG YACHT
CLUB.
The last race of the season was sailed on the 1st May for two prizes kindly presented to the Club by Mr. Mitchell. The start was made precisely at 1 p.m.. when just a dozen yachts spread their sails to the light breeze coming from the west. They all rippled along merrily for about three-quarters of a mile, when it was seen that after crossing a calm where two winds met they would find an easterly breeze.
The Elspeth was the first to find the new wind, and commenced streaking away from the rest of the fleet in fine style; but it was soon evident that she had either forgotten or lost her way, as she began working down to the Channel Rock instead of keeping close under the Dock Battery. It was not until she sur Dione and the rest easing their sheets for the Kowloon Rock that she altered her course. Dione was therefore the first round the Kowloon Rock, and with a breeze ever freshening from the east soon gained a long lead over the others. This was the prettiest part of the race, and with a strong ebb-tide running up again it the breeze the yachts worked up to windward to the Foo- ta-mun mark-boat in
very good time, the Alannah and Chanticleer, going particularly well. The mark-boat was rounded as follows
Mr. John Peel's Zodiac
]
Mr. Toeg's Irvine
Diane
Messrs. Robson's and Twoovees'
Halvard
Alannah
#
Bonito
SCURRY STAKES.
Colleen
Mr. Scandypat's Alaska
Mr. John Peel's Nithsdale
Mr. Marivs's Adour
H. M. 8.
2 39 30 2.45 20
45 45 46 30
Time. 1.46 3-5 (Record, 7 furlongs).
THIRD DAY.
SHANGHAI 5th May.
GREAT NORTHERN PLATE.
CRITERION STAKES.
Mr. H. Bush's Rinaldo
Mr. W. E. Gray's Huron
Mr. Wingard's Algerine
Time, 1.47 3-5.
FIRST DAY.
SHANGHAI. 3rd May.
SUBSCRIPTION GRIFFIN PLATE.
Messrs. Toeg's and Barley's Seedcake
Mr. John Peel's Glenburn
Mr. Q. Bec's Skat
Time. 1.32 2-5.
Mr. Common's Gadfly
Mr. John Peel's Steelboy
Mr. Willis E. Gray's Harou...
Time, 2.6
GRIFFINS PLATE.
Mr. Scandypat's Alaska..
Messrs. Robson's & Twoovees' Halvard Mr. Marius's Adour
Time, 1.30
CATHAY CUP.
Mr. Scandypat's Jetsam..
Messrs. Toog's and Barley's Boyne
Mr. John Peel's Polka
Mr. Toeg's Otter
RACE CLUB CHALLENGE CUP.
Messrs. Toog's & Barley's Zambesi
Mr. Four Stars Lyra
Mr. John Peel's Nithsdale
SHANTUNG STAKES.
Messrs. Toog's & Barley's Seedcake Mr. John Peel's Glenburn
3
Kathleen
Chanticleer
Aileen
Iris
Elspeth Gloria
46 45
2 48 50
2 49 30
51
51 50 2 53 10
Vernon having sailed into a calm in Hunghom Bay had gone home. There was now a long run home against the ebb-tide with the wind be- coming fainter and fainter as the yachts neared the winning line, and just at the Police Pier & head wind from the west was found again. The Aileen gradually improved her position on the way home, and worked up to second place, the times at the finish being as follws:-
Corrected.
> Dead
jheat
3
Dione
H. M. - S.
4 25
H. M. 9.
4 25 0
Aileen
4 32 38
4 27 38
Bonito
4 43
10
4 32 10
3
Colleen
4 47 10-
4 36 10
Elspeth
4 47 13
4 45 13
Chanticleer
4 51 15
4 37 15
Mr. Elma's Kinneil
Time. 2.8.
JOCKEY CUP.
PARI-MUTUEL STAKES.
Mr. Four Stars' Sphere ..
Mr. K. J. Kingsford's Heather Moth... 2 Mr. R. B. Moorhead's Kestrel
Mr. Duplex's The Dealer
3
Mr. Gray's Wabeno
3
HART LEGACY CUP,
Time. 3.19 1-5.
Mr. John Peel's Set
RACING STAKES.
Mr. Kanuck's Hokoku
Mr. H. Morriss's Brownberry
Mr. Fernando's Loch Goil
3
Mr. Mowat's Coriander
Mr. Spero's Belvoir.....
3
Time. 2.2 2-5 (record for 1 mile).
YANGTSZE CUP.
Mr. Barley's His Highness
SHANGHAI GOLD CHALLENGE CUP.
Messrs Common & Robson's Friendship
Mr. John Peel's Nithsdale
Mr. Scandypat's Alverstone
KIANGSU CUP.
Mr. Four Stars' Sphere
Mr. Barley's His Highness
Mr. G. H. Potts's Rebel King
CHIHLI CUP.
Mr. Elma's Kinnoil
1 Mr. R. J. Marshall's Little Momo
Mr. Saltoun's Upstart.
Time, 2.10 4-5.
GRAND STAND STAKES.
Mr. Four Stars' Lyra
Mr. H. Morris's Brownberry Mr. John Peel's Grafton
Time, 2.6-3/5.
3
- 21.00
Mr. Buxey's Rare Rose... Mr. Wingard's Algerine
Time, 3.52 2.5
MANCHU STAKES.
Mr. Waverley's Monsoon Mr. Scandypat's Alverstone Mr. Gray's Comanche
Time, 2.42.
CONSOLATION CUP.
Mr. Toeg's Irvine Mr. John Peel's Steelboy Mr. Moorhead's Kestrel
Time, 2.41 1-5.
The rest were not timed.
The Dione thus wins the first prize, and the Bonito, being the first boat of another class, wins the second prize.
This race is the final one of the sason,
WATER POLO.
From what we can gather it appears that the Hongkong teams competing for the Water Polo shield this year will be:- Volunteers, Club Lusitano, and V.R.C. These three teams are comprised of V.R.C. members, but it is under- stood the Y.M.C.A., another team drawn from the membership of the V.R.C. last year, will not get up a team this year. This being the case the V.R.C.. independent of the Volunteer and Club Lusitano teams, will be able to muster in considerable strength. always providing, of course, that they do not take the suicidal policy of splitting up their good men to make two teams, and filling up the requisite number with indifferent players.
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