January 16, 1896.]
To discharge this large amount the only available asset was the call of 28. 6d. per share das from shareholders resident in Hongkong, Shanghai, and other places in the Far East, and in the United Kingdom and on the Con- tinent of Europe, in the following proportion:
£ B. d. £ 8. d. ...5,710 12 6 2×2 2 6
...5.268 12 6 ...8,587 10 0
United Kingdom
Vienna
Hongkong
Shanghai
Other places in Far East 102 2 6
5,992 15 0
13,958 5 0
Total£19,951 0 0 Of these amounts the following have been collected :-
From United Kingdom
Vienna
"
19
Hongkong.
*
Shanghai
11
other places in Far East...
Total.
3
& d. 5,281 10 5
nil. 1,986 12 6 344 10 0 45 10 0
£7,658 2 11 It will thus be seen that most of the amount due from shareholders resident in the United Kingdom has been collected, but that as re- gards Hongkong the results are comparatively meagre, while with respect to Shanghai they are practically nil. The difficulties of enforcing payment from persons residing at such a great distance from this country will be readily appreciated, but they are intensified in this case by the fact that in Hongkong 11,386 shares, and in Shanghai 10,405 shares are held by native Chinesa, representing re- pectively £1,423 5s. Od. and £1,300 12s. 6d., and the bulk of these amounts must be looked upon as irrecoverable.
Of the European shareholders in China some have left the country and are not to be traced, while the prolonged trade depression has made it impossible for others to meet their obligations, however willing they might be to do so.
These facts, coupled with the great dificulty of finding anyone to discharge "ner- getically the very disagreeable duties of agent, fully account for the poor results obtained. The gentleman who first acted in that capacity in Hongkong retired some months sinc, and was sacceeded by Mr. M. J. D. Stephens. solicitor. The change has proved highly beneficial. Mr. Etephens having succeeded in materially reducing the outstanding calls in Hongkong, although vary little progress has been made in Shanghai. Out of the moneys already collected a first distribution of 2s. 6d. in the £ has been made to creditors, absorbing £4,124 128. Sd., and the accompanying cash account shows that the sum of £3,020 0s. Id. is now in hand.
T. DUNDAS PILLANS, Liquidator.
T'ALANCE SHEET. T. Dundas Pillan, Liquidator, in acount with the New Imuris Mines Limited (in Liquidation).
£ B. d
Dr.
To Bank balance at date of commence
ment of liquidation
1 4 8
To amount collected from contributories
in respect of call of 2%. 6d. per share... 7,658 211 To interest on deposit account and on
calls overdue...
To law costs recovered
Cr.
By first dividend to creditor :- 2s. 6d. per £ on £33,556.17, }
By expenses of liquidation:—
83 911
4 3 0
£7,747 0 6
£
.4,194 12 3
Office rent; clerical assistance, law costs, stationery, postages and telegrams, and petty disbursements in Ludon and China..
By cash at Chartered Bank
of India, Australia, and £ 8. d. Chius, London...
.2,064 19 10
By cash at Bank of England, Law Courts branch, at cre- dit of Companies liquida- tion account
955 0 3
CHINA OVERLAND TRADE REPORT.
CRICKET.
THE CRICKET CLUB v. THE GOLF CLUB, This match (the return) was played on the Cricket Ground on Saturday and resulted in a drawn game much in favour of the Golf Club, who at the call of time had only one wicket to capture in order to secure a victory. Eccles played a dashing innings of 104 for the Golfers-an innings which included four 6's out of the ground-and Knox and Anton also made substantial contributions of 47 and 31 re- spectively. Dyson, Johnstone, and Peade were the only batsmen who made a good show for the Cricket Club, the former two putting on nearly 80 runs for the third wicket, whilst the latter carried out his bat for a carefully played 45. The score at one time promised to be a pretty substantial one, but Eccles going on with lobs captured the last four wickets for 19 runs. The following is the score:--
GOLF CLUB,
C W. Knot, R.B., e Paley, ↳ Darby
47
A. S. Antoo, o T. Setcombe Sm.th
31
Lieut. Thring, R.N., e und ↳ T. Sercombe Smith
+
Cupt Eccles, R.B, not out...
106
E. W Mint.d, not out
1
Capt. Ferguson, R.B., e Anders n. 6 Darby Capt. Grafton, R.N, e Firth, b Darby.
1
13
innings declared closed did unt bat
W. M. Thompson, R.E.
7. Cluse, RB,
Sir B. K. Arbuthnot, R.N. Bargeon Major Westcott
Extra
Total...........
H K.C.C.
C. M. Firth, e Anton, b E. W. Maitland S. L. Darby, 19 Knor
Capt. Dyson, A.P D, run out
Surgeon Major-Jubentone, e and b etel s.. Surgeon Pekde, R.N., not out
T. S. Shelford, h Eccles
A. Anderson, Thompson, b Eccles
T. *ercon be Smith, b Kno
S. E Hulland K N., c Arbut not, b Eccles G. Paley, b Knox
8. Powell, did not bat
Extras .....
Total
RUGBY FOOTBALL,
21
241
:7
A
174
The return match between the Hongkong Football Club and the Navy was played on the afternoon of the 13th Jan. on the Happy Valley and a tough struggle was witnessed. For the first few minutes the Navy had plenty to do in preventing incursions into their half, and on two occasions, once by Grayson and agaiuj by Greenfield when the ball was dribbled, from the scrum, the Club reached the twenty-five. However, the Navy back prosed himself of sterling value and returned the ball with celerity and good judg. ment. One kick sent the ball well down the field
55
the bar. The same player converted his try amidst much approbation. Kicking off, the Navy followed well up and managed to get very in which repeated efforts to get into the desired near to the line. After several anxious minutes,
quarter were frustated, greatly by the energetic action of Sanders and Cameron, the ball at length went out of danger. From a throw in Cay dashed forward and a try seemed inevitable, but Landale and Greenfield, simultaneously tackling, brought him to earth and averted the catastrophe. Again a gallant attempt was made by Shelford, who passed on to James; this player getting into difficulties passed to Powlett, whip down a few yards from the gaol line. having proceeded some distance was brought succession of scrums brought the ball back A
to the centre and now it became evident that, although only ten minutes were left for play, made an excellent rush, Loveband seized the the Club were strongly pressing. Adamson
ball when surrounded by opponents, and after proceeding a short distance, finding that he was likely to meet with serious resistance, he passed to Laudale, who ran in and scored in a brilliant manner. The try was well converted by Green! field.
It was now quite evident that the Navy bad enough to do in order to save the match. The passing of their three-quarters was ex- cellent, but the Club tackled well and fre quently relieved by dribbling well down the field. Cay at the end of the game was a constant scurce of anxiety and considerable pressure had to be used in order to bring him to earth. Blount made a capital run and seemed certain to score, but was finally forced into touch within a yard of the goal-line. Most vigorous action on the part of the Club
and Wood in stopping its progress slipped into touch. The Club were now on the difensive and thanks to Davies and Landale after a little. time the serum was in mid-field. A rusli by Cameron in his usual formidable style still further advanced the ball; then Landale carried it on, but being tackled he passed to Duries, who carried it by sheer force over all obstacles and drew first blood. Greenfeld took the kick. but did not convert. The Navy at once commenced to play in a still more determined manner and forming scrum after scrum they at length reached their opponents' 5 d. twenty-five. Here a serum being formed the ball was heeled out to Shelford, who proved himself a most difficult player to tackle, until Davies brought him to earth by a low catch, which had to be repeated a few seconds afterwards. However, the quick movements of the Naval three-quarters appeared to be troubling the Club, and at last the ball being passed out to Arbuthnot, then to James, then from Powlett to Blount, was placed by the last player in the desired quarter near the corner-flag. Cay tried to convert by a magnificent kick from a difficult position, but the ball went a few inches to the outside. Half-time arrived and the perid of cessation scoured to be a very grateful ore to the combatants. Re-commencing the fray the Navy found that their opponents were slowly pressing towards the uprights and after a few minutes' play Greenfield dribbed a short distance, then caught up the ball and placed it behind
132 8 2
2,020 0 1
£7,747 0 6
T. DUNDAS PILLANS,
Liquidator.
9, Fenchurch Avenue, London, EC,
27th November, 1895.
IAS
required to force the ball down, but Adamson exerted himself strongly and Petts manoeuvred by kicking and hopping with the ball, so that at length when the whistle blew the players were in mid-field. Thus the Club won the match by 13 points to three after a very keen contest in which but few players left the field without having acquired honourable marks of distinction."
HONGKONG GOLF CLUB.
The first quarterly meeting and competitions connected with the MacEwen Cup commenced on the 10th and were concluded on the 13th inst. in fine weather. The greens were in good crder, thengha trifle quick. Additional interest was added to the events of the meeting, it being the second round for final possession of the handsome silver Low! presented by the golfing members of the Rifle Brigade. The winner proved to be Mr. Gershom Stewart, who put
#11
two good rounds of 85 cach, or a total of 170 net for the double aggregate of the MacEwen Cup rounds, the first of which was played in October last, and who now possesses this valuable prize. The leading score of 84 in the October round was made by a member who through a very unfortunate misapprehen- sion of the competition days inadvertently contravened a well established and recognised rule of golf, and the Committee very reluctantly were obliged to disqualify him in the final. It cannot be too strongly impressed on players that the rule of golf must be most strictly adhered to, and the incident is recorded here as a warning to others.
The MacEwen Cup brought out a very good number of players, and again a long handicap man heads the list with a good net score of 79: he is to be congratulated on his win and will doubtless be gratified to find his handicap reduced when he next cómpetes! The Sweep-. stakes were taken by a new member, who some-“ what puzzled the handicapping Committee, but the result proved that his powers were pretty accurately gauged in spite of his shyness in disclosing his record on home links! He put in a net score of 83, under an 11 Landicap.
ca
Colonel Bogey's" Cup brought about a fair number of players and as the Colcuel was modest and went round in 82 net, which enabled several players to get very close to him, the wi ner got within one hole of him. 11e general returns show an improvement en previous ones. The first prize in the Pool, for which the returns only number 9, was taken by the winner of the Bogey Cup, Mr. Clement Palmer. ¡
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