1910-09-19 — Page 3

Page

RANDOM REFLECTIONS.

Our old friend Jupiter Pluvine sieme to tako a particular delight in being generous at awkward moments. He has spoiled quite a number of week-onds of late, but he was extremely unkind

on Saturday to the promoters of the Cricket Club concert. Just at the time of starting he went down a fierce doluge which made an open sir entertainment impossible and seat thinly attired ladies and gentlemon scarrying for shelter. Sunday found him in the same nood, manoh to the disgust of those who do not patronise church.

Though September has proved fairly cool, there seems to be little slacking off in the number of bathing parties, and Blake and Statue Piers scom as busy and animated at vo o'clock as in the height of summer,

Beference to bathing reminds me of the whisper which came my direction the other day. It related to two enthusiastic golfera who wore "soon doing the course at Deep Water Bay on the morning of a recent hot day in bathing Costumes. I have heard of a drink between holes, but a swim between them is a departure from orthodox gown.

As an ordinary member of the public-one of the community, to whom Sir Henry May wishes to make things clear-I feel impelled to offer my tribute of praise for the clear, concise badget statement which the O.A.G, made to the Legislative Council on Thursday. Of course he had no grant problems to solve; he had not, like Chancellor Lloyd George, to look round for hen rebate to rob, but he had a plain unvarnished tale to tell, and he told it in vory low words, fnot which must be appreciated by those who do not fool inclined to digest long speeches. The budget speech was a marvel of brevity.

An amnaing question, which remained uno swered, was asked at the meeting of the Finance Committee of the Legislative Council on Thursday. A vote for the repair of damage dous to government property by the last typhoon wan hofore the meeting when the Hon. Mr. Oibicine asked➡“In the Clock Tower damaged ? This was too much for the grave Corneillors, who, smiled broadly as they thought of the historie timepiece with the hole in one dial and its weak effort to point the time when darkness falls.

THE HONGKONG DAILY PRESS, MONDAY, SEPTEMBER 19ri, 1910.

Some of the Chinese dolegates at the Diocesan Conference introduced a form of reasoning which was now to their fellow Churchmen from the West. One reverend gentleman in advocat ing that the Episcopal Church in Chins be named the Church of China supported his argoment by analogies drawn from daily er. prince. He knew a wine shop in Canton (and him a person, too!) which was called the Kwingtung Wine Shop. Everybody knew that was not the only one in Kwangtong. There was a boot store in the city known as the Kwangtang Boot Shop, but these were other boot shops in the province. Similarly the Church of China did not imply that it was the only one in the empire! It has been commonly believed that parsons had Kittle business acumen, but if this reverend gentioman be accepted as a criterion, the Chinese clergy will be able to give pointe to their Western brethren,

RODESICE RANDOM.

THE GYMKHANA.

Although owing doubtless to the uncertaluty, of the weather, the attendance at the fourth meeting of the Gymkhana Club on Saturday afternoon was not as usual, the sport proved as interesting as at any previous meeting. His Excellency the Officer Administering the Gov ernment and party were early on the scene, and watched the events on the programme with. clasa interest. The Band of the Buffs dis coursed selections of music during the afternoon, and the employees of the Cash Sneipe and the Pari Muinol were, as usual, kept busy. The Pari, by the way, paid out a good dividend on every event in the programme, but ticket drawers in the Cash Sweeps on the Reys! Academy Stakes were disappointed. at the result of the event. Instead of a Brst, second and third prize, there was only a first awarded. This was no doubt due to the fearsome und wonderful animale which the lady competitors sketched on the blackboar is which their gentle- men nominees were quits unable to recognise. This fallure prevented the judges from award. ing the second and third prises, and as a conso. quace the sum of $112 od went into the pool for the next race.

khann Club are:--

The patrons and committee of the Gym-

Patrons:-His Excelloney Bie F. H. May, K.C.M.G, His Excellency Moj.-Gen. R. . Broadwood, C.B.; Commodore J. Eyros.

Committee:-The Stewards of the Hong- kong Jockey Club (Ex-Officio); H. E. Sir F.

We all hope the now Volunteer Reserve will H. May, K.C.M.G., Capt. Dwyer, Messrs. J. be the success that its promoters anticipate, but Johnstone, H. J. Godgo, C. H. Ross, &, C. why should membership be limited to English-Moxon, and Majer W. A. Eaton. mon? Why are Scotsmen, Trishmen, Welshmen and Australians not eligible? His Excellensy's apponi was addressed to Englishmen. Had it goau forth to Britons there might be a greater response than is forthcoming at pressat.

離

A little Hongkong boy on receiving a letter from his father recently, rdhaarked, Why does Father sign himself 'your -affectionate Father"? I wish he wouldn't it

sounds so, business-like" I know now where that little boy obtained the notion.

A contemporary publishes a letfor from an Indian butcher to u customer, which couclades, "I has the honour to remain. madan, ycur affectionate butcher, Mahomed Cajaline.”

An incident occurred acar the Query's Statue on Friday which it would be difficult to believo were it not touched for by credible witnesses. A Sanitary Department water cart, drawn by ten coolios, had started from Statue Pior in the. direction of the statue. They had barely tim to get the cart in motion when they all apparent- ly wept to sleep. At least that is the only ox- planation for what happened. The cart was

brought to a standstill and thou they awakened.

Major W. A. Eaton, Judge; Capt. Dwyer and Major W. A. Eaton, Handicappers; Capt. Dwyor, Clerk of the Scales; Mr. H. J. Godge, Starior; Mr. Marens lado,--2ad Starter; B. M. S. Sassoon, Time Keeper; and Mr. R. F. C. Master, Hon. Sec. and Treasurer.

Results of events were as follows:-- GYMKHANA STAKEB-Value $100.

.one mile.

·

|

Moonbeam assumed the lead at the start with Doable Dragon second and Nankin third When nearing the flags the field banchod, bat there was no change of positions until the straight was entered. Then Hartwood was sent to the front and attempted to overhaal the Governor's pony, but without success. Moon beam headed the fold right round the courts, and passed the winning post a length ahead of Hartwood, the same distance separating the second pony from Nankin, who was third

Time-1 min. Oli soca.

Pari Mutuol dividend Cash Sweep payments:---

I-Ticket No. 33 2-

..$ 11.80

ተ።

66 65

141

239.40 68.40 34.20

The RG.A team, composed of Captains

Twins, Finch and Loring, 45 points The Magpies, composed of Messrs. C. H. Ross, E. M. Bishop and J. Johnstone, 42 Buffs"A" team, composed of Major Eston

points

and Messrs. Potter and Crookenden, 33 pointe

third.

Time--2 min. 49 sect.

Pari Mutuel dividend Caak sweep payments:-

1-Ticket No. 130

2- Zim

105 111

$ 19.20

3462.75 132.20 66.10

tr

2

1

AN AMERICAN TRANSPORT

3

COMPANY MEETING.

THE CHINA LIGHT AND POWER

COMPANY, LIMITED..

The ninth ordinary annual meeting of share bolders of the Chins Light and Power Co., Ltd., was held at the offloa of the Company, St. George's Buildings, on Saturday.

Mr. Robart-Shewan provided, and there were

*UTOS.

time.

3

be adapted and passed, and that the balance of $50,242,22 at credit of profit and loss account be written off as follows:-$22,508 from builings and machinery, 313,345.57 from lines and $14,383.65 from materials and stores.

Mr. T. Hovaн seconded, and the motion was agreed to,

On the motion of Me E. W. TERRY, HOConded by Mr. R. HANCOCK, Sir Paul Chator, Dr. J. W. Noble and Mr. H. P. White wore re-cleated members of the consulting committee,

Dr. J.-W. NOBLE proposed, and Mr. Fuso Suvi Wall seconded, and it was agreed that Messrs. H. Potts and. A: O. D'Gourdin be re- elected auditors; --

COMPANY REPORT.

THE DOUGLAS STEAMSHIP COMPANY, LIMITED.

twenty-seventh year's working of the Company. The report of the General Managers on the ending 30th June, 1910, is as follows:--

The Repression in trade referred to in the last report continued, and cargo was very source during the first half of the period under review, but since Chinese New Year a distinct revival occurred, though the keon competition on one lines precluding all chance of raising freight rates and the high price of coal continuing prevented any marked improvement in earnings.

So far as the spectators could see one of the blackboards contained the drawing of a poren- pins, and shother appeared to be the outline of a big tom cat, but this could not have been the case, otherwise the name of the animal would have been more readily guessed. As for the remainder of the zoological sketches, nobody could guess what they were supposed to be, ORE AND A QUARTER MILE FLAT FACE, HANDICAP For all Chins panies. Jockeys who have won more than 3 races in Hong-present: Dr. J. W. Noble, consulting committee, kong, Shanghal or Tientsin ponalised 5 The. Mesars, C. A. Tomos, T. Hongb, E. W. Terry, Entrance for $5; First Prize: Presented. Fung Shui Wah, R. Hancook, H. F. Campbell, 2nd Prize: $25. (Entrance fees to go to win and the secretary, Mr. D. H. Young Capt. Heathcoto's Tomahawk, 155 lbs.

The CHAIRMAN said:- Gentlemen, We have now to lay before you the reports and (Owner) 1 Messrs Moxon and Gedge's 'Temptation, 158

accounts made up to 31st July last, copies The CHAIRMAN-That is all the business, Iba. (tr. Master) 2 of which have been in your hands for gentlemen. I am much obliged for your at TexT PEGOING IN SECTIONS OF THREE- Mr. Hickman's Kerry, 151 lbs. (Owner) Open to teams, mounted on Chins ponies, Messra, Scorlett and Potter's Nankin, 144bs,

I pointed oat at the last tondance and composed of any three members of the

(Mr. Scarlett) 0yearly meeting that Kowloon was doing little Gyrakhana Club. Three small cups to be Mr. John Beli Irving's Younger Brother, tore than pay its expenses, and; as you presented to the winning team at each com.

149 16., 71b overweight (Owner) Oe, the balance from Working Account this petition, and at the conclusion of the season Natkin sprang into the lead with the fall of year is only $2,661.37. But this was working a trophy will be given to the team which the log, Kerry taking second place and Tom with our old steam engines, which had become scores the highest

of aggregate

points all hawk third; Fassing Bewrington Naakin bad very costly to run, compared with modern small cups a competitor noed not necessarily a load of ten lengths from Temptation, while engines. At the same meeting we told you that moetings included. In competing for the represent the same team on each and ovely Kerry was third, Tomahawk fourth and Younger wo were then going closely into the question of occasion, bat if competing for the aggregate Brother laat. Tomahawk was sent ahead as the alterations and improvements at Kowloon, and trophy he can only represent one team dur- ing the season, that is to say, he must con- football stand was passed, and at the foot of the the result of this was that we decided to replace insurance, remuneration to the consulting com- After paying all ruuning expenses, premis of tinue to compete for the team first selected incline he had drawn into second place. He the oil steam sets by a set of three Westing.mittee and auditors foos, there remains a by him and for no other, To provide for still led past the village, Nankin being second house vertical-gas engines, each of 150 kilowatte, balance at credit of Proit and Loss Account of sickness, absence from the Colony, or for and Temptation third. In the home run Foma and the old switchboard by a new add thoroughly $110.34, which with the approval of shareholders improvement of a team, new members may hawk still led and passed the winning post a up-to-date switchboard. Practically we shall will be transferred to the reserve fund; from from time to time be introduced inte a team, but in order to win the aggregate trophy two length ahead Temptation, while Kerry was have to scrap all our old plant with the excep- which, in order to provide for depreciation of at least of the members composing the win- ning team must have competed in not less than

tion of one gas engine of 70 kilowatt power, as the Company's properties it is proposed to take three competitions. Eatranea fee $1 each

we can work so much more economically with the sun of $45,110.64. The reserve fund will man each Gymkhana.

modern gas engines, instead of steam. It is not then stand at $185,000. safe to prophecy, but there is no doubt that these ongines will effects very marked reduction in our bills for fact, which is by far our largest item of expenditure. The first gas engine has arrived and is now in course of erection, and the other two will follow, so we hope ic have all three running bofora lang. Two will be in use and the third will be kept as a spare in case of the breakdown. What we want orer there is more work and more consumers to supply. We sold only $50, 000 worth of current last year, nad could have supplied loable that amonat with hardly any increase la working expenses. Kowloon is growing, and we must bank on that fact and look to the future for our reward We do all we can to increase the number of our customers, and I ans glad to say that there is a steady, if slow, improvement in this respect. As a matter of fact, there is a fair improvement in the number of lamps connected, but the supply of ourrent does not show a corres ponding increase owing to the use of the more economical metalle lament lamps which require only about one-third of the quantity of current formerly consumed by the carbon lamp of the same candle power. This has not helped to improve our income from the sale of current, but on the other hand, what is our loss is our cas- tomers' gain. We must content ourselves with the hope that the lower cost will increase the demand all round, and thus in time more than effect the present reduction in.our bills. We have made a contact for the supply oflightand power to the Kowloon-Canton Railway which will increase our output considerably and leave us a moderate profit if we apply as mich-as-wo hope will be required under this contract. But it is not to what we are doing now, but to the fetare, that we must look, and we have every hope that the expansion of Kowloon will soon begin to make rapid and uninterrupted progress now that. railway communication with Canton seems likely to be an accomplished fact next year. This is about all I can say as to our prospects, but if the next necounts do not show reinced. oxpenses and increased earnings, I shall be very

The marks gained by the different tosms aro as follows:-

The R.G.A. team The Magpies... Buffs "A" team

187

.166

161

Mr. Godgo's team.

156

T'ho Butt's B team

BL

54

20

... $13.50

эт

$242.55 69,30 34.65

Mr. Blason's team The Naval team Pari Mutual dividend Cash Sweep payments:-- 1-Ticket No. 29 2-

28 , 60... THREE QUARTERS OF A MILE PLAT RACE HANDICAP. For all China poines. Jockeys who have won more than five races in Hong kong, Shanghai and Tientsin penalised 5 lbs. Entrance fee $5. First prize: presented. 2nd Mr. N. J. Stabb's Cobalt, 158 lba (Mr Mastor)

prize 325. (Entrance fees to go to winner.) Major-Gen. Broadwood's Rufus, 154 lbs, ... (Captain Hoathoota)

1

a

3

AGROUND.. The American transport Warren rau aground at 245 o'clock on the morning of September 10th on Mindoro near and west of Port Gallers; about 20 miles from and opposite Batangas, The ship was lying about 200 feet from the shore, Soundings indicated one-third of her length aground apparently. No damage was done. Efforts to pull the ship off by its own power failed, so she had to be unloaded and it was hoped to pull her off by tuge. She went aground broasiside on in a squall.

CONTROL OF IMMIGRATION IN THE STRAITS SETTLEMENTS At the last meeting of the Legislative Council of the Straits Settlements the first reading of the Chinese Immigrants Ordinance amendment bill was moved by the Secretary for Chinese Affairs and was agreed to. The bill aims at giving the Government as full a control over the form and terms of contracts of labour within the colony, which are executed by, Chinese labourers outside the colony, en it has already over the contracts executed by immigrants within the colony. Section 284 dealing with Distanos

contracts made outside the colony lays it down For all China ponies. Catch

that these slinll comply with the provisions of weights at 10 t. 6 Tbs. Winners of an open

section 23, which deals with contracts signed in tha race or open' griffin race 5 lbs, extra, NOR-

colony. Section 28 has been re-drafted: sub-section (1) (a) and (b) liznit the term and the winning subscription griffins allowed 5 lbs,

form of an immigrant's contract in accordance who have won more than five races in

with the present practico, and sub-saction (4 Shanghai or Tientsin penalised 5 up called the fromklaas Cup will be / tion drow into third place at the football stand; fenders-compulsory the present practice of defi presented at the end of the season to be won but was displaced by Cobalt at the foot of the vering to the immigrant a translation of the

Mr. L. N. Leefo's Resolution, 150 lbs., 2 lb overweight (lba Mr. H. G. Marokwald's Llama Chief,

(Owner) 0 Mr. Blank's Billet, Doux (late Jubilee Rose), 149lbs (Mr Brice) Mr. John Johnstone's Salvator, 151 lbs., 5 Ib.

penalty (Owner) 0 After a few falso starts the six, ponies got away together, Billet Doux boing in the van with Rufus second and Cobalt third. Resoin

by the pony scoring most marks in the races incline. As the ascent was mado Rufus and for the Gymkhana Stakos at the Gymkhan mastings during the season, counting 4points Billet Deux raced neck and wook in the front of for a first 2 for a second; and 1 for a third. the fold.. Passing the village, Billet Doux had The benefit of marks already scored to pass with assumed the lead, while Rufus was lying spond the pony on a sale. Any winner of the race to and Cobalt third. In the heme ran the gandy 5lbs, oxta for each win in subsequent jacket of Master came rapidly to the front and Curry starts for the race, bat in the event of pou carrying the penalty not winning, 21bs, to be it was soon apparent that there was no other deducted next time he starts. Suck 2 lbs. remain deducted until he wins again, when he pay in the mice. Cobalt won hands down, will carry the full panation without deduction, while Rufus just inaunged to snatch second Penalties accoualalive up to 15 lbe. Entrance place from Resolution. fee 85. 2ad prizn: 825. (Hallentrance fees to go to winner.)

A street lamp ha got in the way and barred Mr. John Johnstone's Blackmere Vale, 161

their wandloring. It seems incredible that not one of the ten men should have noticed where they were going, but that is one of the traits of the Chinaman which is so diffealt ford Western. er to understand. Had it been a tram car, their Blumbers would' karo' boon more rudely disturbed.

...

to

lbs., 5 lb. penalty (Mr. Johnstoup) 1 Capt. Heathcote's Tomahawk, 144 s., 31.

overweight (Owner) 2 Messrs. Moxon and Gedge's Temptation,

156lbs. (Mr Mastery 3 Messrs. Lowo and Hickman's Java King,

1484 lbs., 15 lb. overweight (Mr Hickman) 0 The Ang fell to a good start and showed Temptation leading from Tomabark with There ought to be rales by which little Blackmore Vale third and Jaro King in thờ difleuities which arise in connection with the

rear. Passing Bowringtom Blackmore Vale foll part-mutuel at the racecourse should be decided. back to third position, but kept alors on the taila On Saturday no second and third prizes were of the field. Ascending the incline Tomahawk awarded in one event and the money in the took the load, with Java King falling into second pari-mainel which in the ordinary course would have gone to the ascond and third was put into the pool for the next event. I am unable to explain why this procedure was adopted, bat, on the face of the matter, it would appear to have been a fairer procedure to divide the balance of the money between the drawers of tickets in the event-or include it all in the first prize.

place, and as the straight we entered Blackmoro Vale was lying thirt. In the homo stretch Johnstone gare the dark pony a free rein and he easily overhauled the other and passed the winning post with a couple of lengths to spare. Tomahawk and Temptation battled on for second place, the former winning after-a-berd struggle.-

Time-2 min. 14 seès.

Tho Pari Mutual paid a dividend of $9.70,

Consul General Wilder, of Shanghai, has just while tickets and payments by the Cash Sweeps

insued a report in which he tells his nationals that there is no demand for suspenders and garters in China, tave among foreigners. Suspenders," he adds, "do not interest the native,

wert:

1.-Ticket No. 17

..:8141.75

2.- 3.-

15 33

40.50. 20.25

The points gained by ponies in this event

Blackmore Vale

his trousers being so constructed us to render now stand as follows:- the use of such articles unnecessary; neither is there any need for garters, as the trous, when -properly adjusted, are tied over the sook at the ankle with a neat band of ribbon or cotten. Occasionally a native is soon with a well-known make of American garters, which are outside the trousers as ornaments.”

Yorn

This is interesting as showing the diferent meanings possessed by certain words. The Consul here regarda "suspendera" as braces,

Temptation Hinton Tomahawk Odds On Lluna Chief

Time-1 min. 36 secs.

Pari Mutuel d vidend Cash Sweep payments-

1-Ticket No. 41*

...8-12.60

39 53

J

$283.50 81.00 40.50

contract.

العيد

THE ANNEXATION OF KOREA,

¢

FORTHCOMING HUE OF THIRTY MILLION FIVE-IKR-CENTS.

The Haiyang unfortunately touched a rock in the Foochow River in February, but the damage was not serious enough for repairs te be necessary before her sanual docking in August,

The steamers and other propertios of the Company are in first-class erdor.

and "Accounts Receivable" have since been Tho amouata appearing as "Freights Due" collected.

consists of Messrs. J. W. . Bonnar, R. Shewan Consulting Committee-The committed now and Hon. Mr. H. Keswick, who retire in terms of the Articles of Association, bat offer them. selves for re-election,

months karo been audited by Mosera. W. H. Aaditors The accounts for the first six Potts and E. A. M. Williams (the inttor acting for Mr. Lowo)-aud for the last six months by Messrs. A. I. Lowe and 2. Maitland (the lattor and Potts now retire, but ofer themselves for in place of Mr. W. H. Potts) Mesura, Lowe re-election.

DOVOLAS, LAPRAIK & Co., General Managers.

PROFIT AND LOSS ACCOUNT To amount transferred to reserva

For the year ended 30th Jane, 1910. fund as resolved at last gezteral meeting

To exchange account Ta-auditors fen

To remuneration to consulting com- Foremanotation to general mana-

mittee for 12 months

gers for 12 months

To loss ou ruining the Company's

steamers during the year To balance

By balance for profit and less no- By coal account (profit)... count, 30th June, 1909 By sale of steam launch (profit) By general interest account By interest on mortgages secount.

BALANCE SHEET

$1,311,54

3,966,04 600.00

*2,000.00

10,000.00

667.40

110.64

$18,655.62

1,311.54

735.10

404,36

·253.90

15,950.72

$18,655.62

For the year Ending 30th June, 1910.

LJABILITIES.

A Ministry of Finance Ordinanca gazetted on September 5th says the Imperial 5 per cent honds (to be izmed to the extent of unt mere than 30 million you), to be granted ts Imperial surprised and disappointed. Now as regards our rewards, will be left unredeemed, for five years, finances. In accordance with the resolutions and be redeemed within forty-five years hence, which were passed at extraordinary meatings. No registration for regotiation and pledging of such bonds can be made without the approval of the capital was reduced to $300,000 by the the Governor-General of Korea.

return of $250,000 on 50,000 $10 shares. Out of the 30 million yes, 13 million wilt Before, however, we could obtain the consent of form a

a capital fund for

for the

rayment of rearly the Conrt to this reduction we had to have all allowances those entitled to such considers- LADIES NOMINATION. ROYAL ACADEMY, tion; and 17 millions will be devoted to purposes

our assets revalued, which necessitated taking Gentleman will start froin of education and production. Of these, 17 $150,000 from the reserve fund for depreciation. Capital account:- 20,000 shares given point "A" ride to another given point will the millions butong, all the. This left $250.000 in reserve, which was absorbed Reserve fand

શૉ, 950 smount, and leave ponies with mafoo; und the remaining 16 millions among all the rua to lady nominatrix and hand her sealed provincial districts-Japan Gazette,

containing name of some animal; "B," Mount pouy and go back.

pointA signal return to point "H" dismount, leave pony, with mafon, ran to blackboard bearing corresponding number to that on his envelope and sasd, write on card namo of animal he

STAKES."

Emediately return to pois fan a visa

gnoses is drawn upon blackboard by his lady

bominatrix and run with carvi

huuded

LOCAL SPORT,

CRICKET.

The K. C. C. opened the season at King's Park on Saturday, when an interesting twelve

MR. J. I. CHINSON'S TEAM. E. 4. Fowler, & Curwent N. L. Waser, e Green, b Chitty 'W.T. Elson, é Green, b Kailton.

J. F. Robison, a Moure, o Chitty D. I. Mackenzie, b Kailton

J. MoEwan, o Waller, & Briwn

W. Edwardu, heal...

A Sommerville, hw Bilton

H. Caroy, Mead

Envelopes, cards and pencils will be aside, match was pissed: to competitors before starting. First man home with card bearing correct name wius, A number of blackboard easels will be placed on the dourso, encli bearing a distinctive number. Each lady will be provided with a piece of chalk. On receiving envelopes from men se above mentioned, ladica will to blackboard bearing the

same number of that on her

She will then open envelope. unvelope and draw upon blackboard the animal named in envelope. Five minutes will be allowed for drawing. At a given signal ladies will leave the course. The likeness to the original of the animal por trayed will be taken into consideration, 1st. 2nd and 3rd prizes presented by Gymkhana Club. No assistance must be given by ladies to gentlemen or vice versa.

The Hon, F. G. Bearlett, nominated by Mrs,

Eatou ....

... 1

P. Lasible, b Mead... H. Phillips, b Brawn A. Gregory, not out.....

Extras....

Toist.........

MR. T. X. MEN'S TEAM. ́ A. Langley, o Elson, b Weaser.

E. Moore, MeEwas, b Sommerville 5. 1. Green, a Motwan, b Fowler Major Chitty, and b Fowler Mar Wailer-b Weaser... W. Curwer, o and b Fowler......... T. Che, Weaser

A. O. Brawn, c Carey, h Gregory. R. Carlow, u Mulvan, b Weaser. N. Railton, and b Weaser Van der Pol, a and b Wessex J. H. Mead, not cat.......

Extras......orosis

Total

120

20

$9

pany

LA

Unpaid-bonne Unpaid dividends These Sundry account payable..

Profit and loss Roconut

Out Value of the Co.'s steamers: Har Euity Haichiny, Huimin and Bal

AHSETS,

by. the payment of a bouns of 35 per share Underwriting account of the Com to the holders of the 50,000 81 shares, thas, putting them on equal terms with the holders of the 50,000 810 shares, payments took ap $500,000 of our casli in hand, learing $165,820.43 on 30th June to pay for the now plant Even now our present capital is much too large for our earnings, of the former capital of $550,000 the company has now returned $50,000, so that the actual j capital should now be only $50,000, but the bonus of $250,000 could not by law be treated as a return of capital, so the capital had to be stated as $250,000 more than it really should be. The present figura will certainly have to, be roduced to more reasonable dimensiona before we can pay a dividend on it, and it seems to us, that the implest way to do this would Additionsslucemade be to form a. per $100,000 abil sell out to it, but

yong as per last Less wount written.

account

off as resolved at the last general meeting

company of, say,

Value of buoys and

this

is not a pressing matter aud may be left for con- sideration later on when our carnings have reached a point that will warrant the payment of dividends. The balance at credit of profit and loss account of $50,242,22 we regommend be written off, us it will not be represented in cash when the new plant is paid for, but will really be invosted in that plant. Elootzical fittings, are not good stock to carry, far-patents and fashions are continually being improved upon and a fix ture that is in good demand one day is unsale- ablo the next. We have in fact had to send

LATEST STEAMER MOVEMENTS. some of our stock to the auction room as the

moorings at Swa- tow, Amoy, Tam- sui and Hongkong as por last report Less amount written off as resolved at the last general meeting...2,163.33 Bale of old materials,

No.

1,109,14

Additiona sinca

made..

$1,087,787.00

33,787,00

$1,054,000.00 6,787,22

31,425,65

Eovon blackboards stood, ou casols on the recing track before the grandstand. Seven strange animals, some must have been pre- historic, bad been sketshed on those blackboards HALE MILE FLAT RACE-For all China pon by ladies of more or less artistic taste. Beren

ies which have never won a rase. Weight for inches as per scale. Jockeys who huronomiacos, abiding by the conditions of the race, won more that live races in Hongkong, competed to win the prizes offered for their

Loans on mortgage Shanghai or Tientsin ponalised 5 lbs. En partners. But in ontoring this event it appears trance for $25. 1st Prize: Presented 2ad that the gentlemen undertook a bigger contract Pris: $25 (Entranca fees to go to winner) than ever they dreamed of. The strange boasts 17th instant, und in das here to-day at 3 p..

The C&M. str. Rabi left Manila on the only means of getting something for it. I men but the word is seldom used in that sense in Sir Henry May's Mocubem, 163lbs, Sib.

Hongkong & Shanghai Bank tion this to explain why we propose to use some Freights due on 30th June, 1910

(Current Accourt) Britain. There it applies more generally to

pensity (Mr Johnstone) 1 drawn on the blackbounds puzzled them as they Manila on the 17th instant, and is dus here to the vaine of our materials in hand. Before

The Bank Line str. Sueeric sailed from of the balance of 850,242 22 for writing down Bundry scots, receivable from the support for the stocking. Curiously Mr. Arthur Robert's Hartwood, 158lbs. have probably not been puzzled for years. Most day p.m. enough, the word "garter" is falling into.

(Mr. Bries) 2 of the competitors looked thoughtful, bat only

agencies, &c. * Messrs. Scarlett and Potter's Nankin, 1521.

The P. & O. 8. N. Co's Candia is due hore moving the adoption of the report and accounts, Cash in hand... disuatude, in consequence of "suspenders"

(Mr. Scarlatt)

one of them appears to have been endowed withou the 21st instant, at daylight.

I shall be pleased to hear any remarks from Coal account, stook in hand

Unerpired tonnage dnes The HA. Linie str. C.Ferd, Laeisz left shareholders. the persevering qualities of Robert Bruce of Singapore on the 16th instant p.m., and may be walled "garter."

3

155lbs.

replacing the old-fashioned stocking band which Mr. 0.. K's Double Dre Klimanook) 0 Scotland, and that competitor won the prize, expected here on or about the 22nd instant.

No questions being asked, the CHAIRMAN Pro posed that the report and accounts, as prosented,

$

1,000,000,00

230,000.00

106,073,12

138.00

391.50

69,984.34

110,64

$1,406,687.60

31,060,787.22

3,27247

$28,153.18

5,817.55

8 33,970.73.

182,000.00

26,806,41

.53,945.57

44.374.18

573.81

1,664,68

2,566.00

1406.687.60%