1917-05-21 — Page 3

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COMPANY REPORTS. MERCANTILE BANK OF INDIA, LIMITED

The twenty-fourth annual report of the Board of Directors to the sharehold ors for the year ending 31st December, 1916, states:-fatigued

revent prouts for the year, efter providing for bad and doubtful debts, and including £31,302, G. 6d. brought forward from last account, amount to £164,078 115 4d. From this sum hi to be deducted 5.215, being the Interim Dividend of per cent, less Income-tax, on the A and B Shares paid for the half-year ending 30th June, 1918,

The Directors have added £60,000 to the Reserve Fund (raising it to £600,000), £8,000 to the Officers' Pension Fund, and written E10,60 off Freehold Banking Premises, They now recommend a fur

"B".

thai Divistend on the "A" andme-tax

for the second half of the year (making 12 per cent for the year), leaving a balance of £32,176 18 4d to be carried forward,

A Branch of the Bank has been opened in Mauritius by the absorption of the Bank of Mauritius, Limited

SANDYCROFT RUBBER

The twelfth part of the directors to the shareholders in the Sandycroft Rubber Co. states that the net profit for the 12 months ended on January 31st last, after making due provision for de- preciation, amounted to $134,098.32, from which have to be deducted two interim dividends absorbing $45,000 paid pre- vious to that date and a third absorbing a further $97,000 paid on February 26th, 1917. The directors recommend That a

final dividend of 10 per cent, be declared, making 30 per cent, fur the year and ab- sorbing 816,000, that 810,000 be placed to investment reserve account, that 81,718.23 by allocated to employes' bonus fund, that the balance of $14,392.09 be carried for

ward to next account.

TEE HONGKONG DAILY PRESS, MONDAY, MAY 21ST, 1917

SOCIETY OF ST. GEORGE.

HONGKONG.

RECOMMENDED RULES TO BE SUBMITTED TO DAY

A meeting of the members of the St. George's Day Celebration Committen will meet this (Monday) afternoon at 6.15 Board room or the purpose of ressiving o'clock at Messrs. Jardine, Matheson's the Hon Treasurer's report and to con- sider the formation of a St. George's Society in Hongkong.

SCOTT STILL CHAMPION. INTERESTING ANGLO-AMERICAN

BOXING

ing for an opportunity to get in; though outside the ropes someone should be not really fair to Royal, for when a man counting, and if he is outside for tena seconds, then he is counted out; though the other man hes to stand five yards standing here, which was somewhat re- bway There was an obvious misuader- crawled in wever, Ahearn eventually manner he extricated himself, rushed, and heavily punched. In a very clever to take a chair in the corner, which he well covered up, but he was

landed so severely that Royal was glad lightly and

to

somewhat

of

INTIMATIONS

LANE,

CRAWFORD & Co.

SOLE AGENTS FOR

the happy looking thingSFALDING'S ANHEDINIC

Io connection with the latter, pro who challenged Scott, gave everyone round do at the end

posal recommended rates and regulations EH. Sharp and, Mr H. W. Looker. have been drawn up by the Hon. Mr.

These rules provide, inter aliu, that the Society of St. George, Hongkong.

The name of the Society shall be The objects of the Society shall be:-

(a) the relist, and assistance of dis tressed and deserving Englishmu, and their families, in such manner as the Committee muy think fit and the funds of the Society may allows des de

(b) the celchration of St. George's Day- and of other occasions of nations interest, in such manner as may be thought fit;

(c) the cementing of the ties and in terests Englishmen in the Far East

The Society'sball consist of

SENSATIONAL CONTEST.

kong in a few days time with an unbenter Corporal Scott, E.E. will leave Hong heary-weight record for the Gelony and at an interval in Saturday night's box as Mr. Jonkin, A.S.P. (R.), mentioner lose one of the cleanest fighters and the best of ing the Colony, in his departure, will

barring the American spectatore a severe sportsmen we have bon privileged to ste. Gunner, Craig, of the U.S. Navy,

fright in the first round, but after this there was only one boxer in it. As usual, progrnung, and there were enthusiastic the big contest was the last item on the

was impressed with the muscular develop scenes when Brat Scott and then his challeuger entered the ring Everyone the more lithe and supple build of Scott Mr. Gedge had charge of the fight

911

The

prize was increased as the third round urprised him considerably. This sur progressed, for the lengthy Royal found himself striking heavily at the air and nizde him groggy. At the end of the receiving

some very telling blows which third round he reeled towards his corner rush and gladly fell into the e chai

came very suddenly, Royal Ahearn so

Ahearn landing so heavily that the found himself in the corner and with as the fourth round Commenced, missed him, and American's guard went down. The latter but he had shot his bolt. A few more heavy body blows made him droop made a feeble attempt to make n show,

sent him down for nearly five minutes.

impily, and a fearful punch to the head

(a) the Englishmen present at the The early success of the Amories péssages. Smith did all the work which

founde meeting held on the day of

1017;

Craig rushed dangerously at Scott, and So soon as the men had gripped gloves, the factor was forced to the ropes. In a bending position, and with his covering his face Scott was punched heavily about the body, and the Anery

gloves

minute of this Scott managed to free cana coinmenced to cheer. After about a himself from the dangerous position, and, just before the gong sounded, landed twice on Craig's face. This was easily Craig's round Wa es great surprise, and when Scott came that his nose was bleeding. But no one ex- came up for the second round it was noticed pected what happened immediately after wards. Scott became exceedingly aggres Craig caine up at three, only to be again to the head and another on the body, sive and floored Craig with a heavy punched heavily on head body. The man, and revied towards his corner in when the gong sounded he was a beaten American's guard drooped badly, very dazed condition, and with blood

(b) all other Englishmen duly propos ed and secunded subsequently to mich meeting, and approved by the Committer of five dollars, and a yearly subsorip

Ench member shall pay an entrance fee tion of two dollars payable on the first day of January in each year.

dollars to the funds of the Society shall Any member making a donation of fifty become a Life Member, He shall be

und,

R.N., fought six interesting two minute Sapper Smith, RE,, and Seaman Simes, rounds, which contained some lively Then Simes, who appeared to be the counted in the first two rounds at least, stronger man, pushed matters and more The last two rounds were fairly evenly divided, and the fight was awarded to than

once shook up Smith very badly,

Simes been awarded the fight few would not find general favour, and, really, had have been surprised. The men have Smith. This decision by Mr. Bailey did

decided to meet again on Thursday

The output of dry rubber for the year exempt from the yearly subscription, but coming from his nose. This was quito gave a very interesting display for three

shall pay the entrance fee.

amounted to 345,687 lbs. (sale weights) against 188,076 lbs; in the previous year The output for the financial year 1917-18 is estimated at 275,000 1b,

The increase of the all-in cost from 11800 to 1s 2.11d is largely due to all apportionable expenditure having been charged to revenite this year against 75 per cent, last year.

who are not members of the Society to The Committee may invite Englishmen subscribe towards the expenses of any sobrate The Committee may also associate with themselves such members a they think fit to assist in any celebration The funds of the Society shall not be used for the purposes of any celebration, PEAK TRAMWAYS CO., LTD.

The surplus oceeds of any celebration shall be added to the funds of the The report of the Directors for the by private subscription or by such other Society, and any deficit shall be defrayed year ending outh April, 1917, for presen-means as the Committee think fit. tation to the shareholders at the ordinary The Committee shall investigate all annual general mecting of the Company, cases of distress brought to their notice lo bo beld next Saturday, states:- The net profit for the twelve

and may grant such relief or assistance months'

out of the funds of the Society as they remuneration ant

think-fit::

directors' fees and general nшnagers remuneration and providing for loss on sub- sidiary and silver coins, arts to

which has to be added the balance brought forward from last account

Making available for appro-

priation

Sensation after atensational opening rounded u

FROM

EVERY REQUIREMENT FOR

GOLFERS

65 CEPTS BACH GOLF BALLS

ARCH-COLONELS,

$1.35 EACH.

PATENT COLONELS,

81.15 EACH.

"BRITISH HONOR,"

$1.35 EACH,

"BLACK AND WHITE,

$1.15 Eon.

INCLUDING

GOODS.

FROM

65 CENTS EACH.

BRAMBLE MIDGETS

$1 15 EACH.

DIMPLE MIDGETS

$1.35 EAOW.

THE CINCH,"

90 CENTS EACH

THE BOB,"

65 CENTS EACH.

SPALDING'S

GOLD-MEDAL GOLF CLUBS

LADIES MODELS,

WOOD CLUBS,

$5.50 EACH.

$3.50 BAUH.

SPECIALITY

IRONS, $4.75 BACH.

FORGANS OLU BS $4.50 EACH.

CADDY BAGS STOCKED IN TWELVE STYLES. FROM $3.75 EACH.

Stubbs, Middlesex Regiment, who were Seaman Allan, H.N., and Corporal billed for a six 2-minute round contest, in the first two seconds of the third st. alb. and 78t elb, respectively, were round, Scott again landed heavily with very quick and lively, and Stubbs, who ****** and a half rounds. The boxers, who were a voller at blows, and again Craig went made his first appearance in the ring, dow gave the American a certain amount of so good as Allan, whose punches had much to come up at eight. This spell Euve a very creditable show. He was not his big arm, dangerously However, boxing of an order which appealed to all new life and he rushed at Scott, swinging more in them, but it was good, clean TAYLOR'S CLUBS, ran full tilt into a straight left and right Stubbs sustained such a badly damaged Craig failed to find the R.E.; instead ho sportsmen. Early in the fourth round

have been taken and Sergt. Pitt, one of hook, and went down beavily Just when thanh that he had to give up; and the the gong pounded the count seemed to verdict went to Allan out. Uraig immediately protested, and while the house was filling, after a consultation, it was announced nothing much in it from the point of view the timekeepers, declared that Craig was U.S.N., boxed a six 2 minute contest Kid Koch, U.S.MC, und Sailor Fax,

that Scott wished to go on. This sports of boxing. The men mixed things up in There was manlike action was greeted with tuch a very lively manner throughout, and, cheering, and one could If any metaver shell in the opinion of Craig's plack not help admiring early in the light, the features of both the Committee conduct himself in a Quite early in the fourth round Scott plenty of pluck on both sides, however, and been sadly damaged. There was manner which is unbecoming as a membent down Craig's guard and got in ber of the Society, or prejudicial to the heavily that the big Americus went and what style there was in it was re $22,032,05interests and hjeets of the Society or the

all of prestige of Englishmen in the Far East, was knocked down for two, made a rush

a heap He struggled up

sealed by Fox, who won the fight on the Committee shall have power to cause and was again knocked down, apparently ght, and Mel Bailey referend the

at eight points

Mr Gedge had charge of the big out

upst ning was overely Craig Simes and Smith contest the decisions remainder. With the exception of the Scott in a

endeavour

were very well received, strength

the Society, na he shall thereupon ceste aos se his 1,509.02 this name to be deleted from the roll of the fight ever, lie

823,541.98

The Directors recommend that a dividend at the rate of 7 per cent. per annum be paid to shareholders, absorb ing $21,000,000, and that the balance of 42,641.98 be carried to a new profit and losa acogunt.

to be a member,

THE CHARTERED BANK.

80

but the champion again jumped in, punched heavily on the body and then swung a fearful blow to the head. Craig

Apart from the opening round the fight went down like a log and was down for Scott's victory was loudly cheered some time after the count had been taken.

surprise was that Craig did not put up round. He was a beaten man at the ond always in his favour, and the only better show, after his work in the first

The assault-at-as, which was Arrang- ed under the auspices of the Police Reserve, was a great success, and the large

see such a large attendance in view of the crowd which filled the matshed in the humoured one. It was very gratifying to Volunteer Parade Ground was a good

War Charities. Among the interested Ventris and Colonel Ward, M.P. fact that the profits are to be devoted to spectators were H. Major-General

India, Australia and Ching states that the accounts show a net profit, after proas

The report of the Chartered Bank of News Hoviding for all had and doubtful debts, of Directors-During the year Hon. Mr £611,405, inclusive of £130,305 brought David Landale resigned on leaving the forward. The interim dividend, at the Colony, and his place was filled by Hon. Mr. C. E. Anton. In accordance with September last, absorbed £84,000. The rate of 14 per cent, per annum, paid in Rule 73 of the Company's Articles of mount now available, is therefore, Association, Dr. J. W. Noble, Mr £427,465, and the directors propose to Bir C. P Chater, C.M.G., and Hon. Mr CE Anton retire, but, being bonus of 123. per share, making 17 per per cent per annum, together with a eligible, offer themselves for re-election.

cent. per annum for the whole year, free of income tax to add $100,000 to the reserve fund, which will then stand at £1,000,000 to add £20,000 to the officers superannuation funds to write off pre- mises account £30,000, and to carry for ward £157,465 The dividend is the same es last year.

Scutt Harston, Mr. C. S. Gubbay, Hon. pay a final dividend at the rate of 14he failed to r18 Dccasions before in the contest, stating that the proceeds

PROFIT AND LOSS ACCOUNT. -

To loss on subsidiary and

DR.ver

To maintenance and repairs.

$

195.76 17,456,85 4,601.49 6,267.29

chins

To coals and stores

To charges

To rates, crown rent and fire

insurance

1,903.42

To salaries and wages

24,360.39

To office rent and clerks' salaries 5,000.00

ASSIS.

To remuneration to directors 2,500.00 Permanent way and concession

old line as per last account. 200,000.00

managers 5 per cent on grose

To remuneration to general

earnings:

To war charities

4.728.75 2,500.00

New line extension New line ca per last

account

To balance as por balance sheet 22,032.06

By traffic receipts.....

By rente

$99,545.84 Stations, crown lease-

holds and buildings

$28,930.29

2,000,00

as per last account.$35,846.61

21201.85

May Road station.

88,119.76 479.00

since added

2,029.92

Rolling stock

3,935.68

Office furniture.

By interest receivable...85,985.50-

By loas interest pay-

ablo

By transfer fees

Authorised

BALANCE BEZET.

LIABILITIES.

capital 8750,000

divided into 75,000 shares

of $10 each

Issued capital 25,-

000 shares fully

paid up

Issued capital 50,-

000 shares $1 paid ap

Beserve, fund as

per last account.

Since added.

from last year .......

11.50 Coals and stores on hand

Sundry debtors.

$2.545.64 Shares in public companies (at

250,000.00

50,000.00

800,000.00

62,000.00 5,000

Cash in H. & S. Bank$18,840.09 Cash and C'dere orders

an hand

4.427.06

to last ont to the fourth, though he entered the ring and put up for auction of the second, and was exceedingly plucky Just before the hig fight, Mr. Jenkin received much assistance as the result of the set of gloves which were to be ward going to the mint on six

commenced at $100, and eventually the set de from the sale would be given to the Item

was 12 Cigarette and Tobacco Pund.

was knocked down to Mr. Eldon Potter Bidding

far $400,00

would be Scott last fight in Hongkong. Jenkin also remarked that that far as they knew In a few days' tima he was leaving for ---

2 minute round contest between Sapper

The other star Richards, R.E. (lightweight champion of the Colony) and Battling" Brannigan, of the US Navy, which Richards won easily on points. It was a lively contest throughout. Richards, as the result of his leads and generally superior tactics piled up points. On several occasions his agility resulted in Brannigan rushing at nothing and falling down, Richards Mr Jenkin For different spheres, A Voice Mind the Censor. (Laughter.) could have done a lot of damaging work gentlemen. (Laughter.) Mr. Skin such occasions, but ho always waiter added that they would all be very sorry for his opponent to gain his equilibrium, to lose Scott, who was the best type of an action which was audience, Brannigan was by the sportsman and was a thorough gentiamas, was very lively it was a pleasure to welcoms representa customer, but he never landed squarely, tives of their latest Allies (applause)- owing to Richards clever head-work and and though they had

put up a very

ચન્ન

FAR EASTERN MEN AND THE WAR.

general ring-craft. There were several in which to train the only had ten days very dead rounds, so far as a mix-up was good show, and were keen on putting up concerned, but the boxing was always Ecatore such shows in the future. He 61,526,28 and skillful with the R. E. doing all the hoped, also, that, as a result of Craig's quite high counted. Brannigan, was stay with them, they would be able to say

plucky and it would require more than an ordinary During the evening the band of the

that same of as of Scott, blow to knock him out. At the ninth Police Leserve rendered selections, round Richards had the fight, and his 37,048.46 man, well in hand, and just before the 25,652.00 gong went he floored Brannigan with a 600.00 splendidly placed head blow There was 1,565.00 rather disconcerting incident in the

Richards went forward to grip gloves Mr. 3E Dye, for several years on the 11,591,19

aleventh and last round. As is the custori when boxers stand up for the last tussle, 25 with Brannigan and received a nasty jab staff of Thomas Cook & Son in Yokohama, in the face for his act of courtesy. This has left for London to join the army. obviously nettled the R.E. and he rished Mr. P. F. Lloyd, of Yokohamos, and Mr. 58,973-15 right in and inficted such well-placed. J. Bardens, of Dairen, have also left

panishment of heed and body that for war service. Brannigan went down beavily. He came up at even to receive more punishment, but managed to keep his feat till the end. it was good to see the men shake hands It was an easy victory for Richards, and warmly afterwards, the little incident reentioned having been forgotten.

$432,704.43

The Broad Arrow states that the Army Majesty's Government, a gift of £6,000 Council have accepted, on behalf of his from Mr. Bu Tong Bong, a member of the Federal Council of the Malay States, for the purchase of a

Tank,

C. E ANTON, JSOOT HARSTON,irectors, JDHUMPHREYS & SON, General Managers. We report that we have examined the ahore balance sheet with the books, of a minor nature, were not lacking in The remainder of the contests, although Vouchers and securities and obtained all interest, and one was quite a sensational 65,000.00 the information and explanations re-affair. This was between Corporal Royal 2nd Lieut. Charles Wilson, of the 29,000.00 quired by an. In our opinion such a tall US Marine, and Young Gordon Highlanders, was killed in 3,616.83 balance sheet is properly drawn up so Ahearn

as to exhibit a true and correct view of place of Sapper Sunleigh, R.E. who, for the front, the late 2nd Lieut. Wilson

of HM.S.

S. who took, the setion on May 7th. Before volunteering the state of the Company's affairs at 30th owing to an accident, was unable to turn was with the Finance Department of the April, 1017, according to the best of our Royal, who was 100lbs. and the latter born in Shanghai and was a member out, Ahearn was 25lbs. lighter than Shanghar Municipal Council. He was information and the explanations given towered above the Irishman Royal gave of the Shanghai Artillery and the Vic us, and as shown by the books of the Asar a severe shaking up in the open toria Company, Shanghai Fire Depart Company.

ing round, and everyone anticipated at He took part in the Battle of Leos victory for the Stars and Stripes. In the and the capture of Hill 60, being wound- side the ropes, and it was very amusino toficiently to resume duty. His brother- second round Royal forced his an outed on both occasions, but recovered suf sce the always smiling Irishman walking Mr. Torrey Wilson is now on his way up, and down outside the enclosure wait Home to volunteer.

Mortgage B. B. lot 80..

Unexpired season tickets

Unclaimed dividends

Sundry creditorg

2,718.00

2,607.69

Profit and loss accountAY

Profit and loss accound

for the year.

$1,503.02

22,032,06

23,541,98

$432,704,43

(Cantinard at font of mest column.)

C. BERNARD BROWN, A. B. LOWE, UN

Chartered Accountants, RAAMAuditors Hongkong, 17th May 1917.

LANE, CRAWFORD & CO.

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$4.50 per 100.

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