118
FOOTBALL.
SHIELD COMPETITION,
The second match in the first round of the Shield competition took place on Saturday, when the Hongkong Football Club met H. Company of the Royal Welsh Fusiliers. Play commenced fairly punctual and had only been in progress about two minutes when Lowe sent in a fast shot and scored. The Fusiliers got the best of the restart, and Pinckney had to run back to get the ball out of danger. The Club then got to the other end, Hancock sod Danby displaying good combination, but a capital centre by the latter was poorly played by Noble. A corner fell to the Club, but the ball was placed behind. The Club still con- tinued to attack, and it was quite evident that the Fusiliers was no match for the civilians. Looker kicked wide in trying for a goal,
and Kew kicked
а
over
A
minute a
later. The Club still pressed, and Kew had good opportunity to shoot, but he elected to pass, and the Welsh got away. Smart gare a corner from kick by Hancock, but the ball was centred by Howard and the soldiers cleared. Another attack by the Club resulted in Edwards giving a corner, but the Fusiliers cleared again, Lowe got away on the wing and centred to Kew, who made a good attempt to score, the ball just skimming past the left upright. A hot attack by the Club enabled Hancock to secure and try at goal, but he headed over the bar. Played waged fast up and down the field, when the Club again assailed the Fusiliers' goal, a good shot by Lowe grazing the cross bar. A capital centre by Danby was taken by Noble, and he sent on to Looker, who just failed to score. The Club was then pressed and Anton was called apon; he winged to Howard and the latter sent to Danby, enabling the Club once more to get within shooting distance, and the ball was just placed to the right of the goal-post. The soldiers were the next to attack, but Anton and Pinckney worried Shields and Walter and eventually deprived them of the ball. On the Club getting to the other end Smart gave a corner, and Noble headed against the upright. Repeated attacks by the Club kept the Fusiliers busy defending, but they were unable to pre vent Looker screwing a second goal. A few minutes later the referee blew his whistle for the interval, the Club having had decidedly the best of the play and a lead of two goals.
The second half opened fast and play waged up and down the field at a great pace, the Club, however, still doing the taost pressing, and after about 10 minutes' engagement Lowe got away and sent an oblique shot into the net. Noble towards the close of the game again did the needful. The Club, therefore. left. the ground victorious by 4 gaols to nil. The players are to be congratulated on winning so decisively. The forward line played a sound game, Danby on the left wing being most pro- minent. The halves were in good form, and the backs gave a good account of themselves. Kew. when called upon did well, and he fills the enstodian's place admirably. Smart and Ed- wards, the Fusiliers' backs, put in a lot of work; in fact, they were compelled to as they had to act on the defensive most of the time. R. W. Castle, R.A., gave satisfaction as referae, Messrs. Riley, R.W.F., and Tuoby acting as linesmen.
The teams were as follow THE CLUB.
F. H. Kew
Pinckney Anton
R. W. FUSILIERS.
Goalkeepers-
A
Back-
Whitney
Smart Edwards
Half-bucks—
Mayson Kew Howard
Booth Waller Sweet
Forwards-
Danby
Culkan
Hancock
Hadley
Noble
Shields
Looker
Walters
Dobbs
Lowe
It is notified in the Gastte that Mr. A. Lee Norman, having left the colony, han resigned his commission in the Field Battery of the Hong kongkong Volunteer Corps.
THE HONGKONG WEEKLY PRESS AND
HONGKONG AND SHANGHAI BANKING CORPORATION.
the Court of Directors to the ordinary half. The following is the sixty-seventh report of yearly general meeting of shareholders to be hell at the City Hall Hongkong, on Saturday, 18th February, at unon:-
To the proprietors of the Hongkong & Shang. hai Banking Corporation.
mit to you a general statement of the affairs of Gentlemen.-The Directors have now to sub- the Bank, and balance sheet for the half-year ending 31st December, 1898.
The net profits for that period, including $376,916.76, balance brought forward from last account, after paying all charges, deducting in- terest paid and due, and making provision for bad and doubtful accounts, amount to $4,392,189.66.
The Directors recommend the transfer of $1,000,000 from the profit and loss account to credit of reserve tund, which fund will then stand at $10,000,000.
They also recommend writing off bank pre- mises account the sum of $500,000,
After making these transfers and deducting remuneration to Directors there remains for appropriation $2,877,189.66, out of which the Directors recommend the payment of a divi-¡ dend of one pound and ten shillings at rling per share, which at 4/6 will absorb $533,333.33, and a bonus of one pouud sterling per share which at 4/6 will absorb $355,555.55.
The difference in exchange between 4/6, the rate at which the dividend and bonus are de- clared, and 1/11, the rate of the day, amounts to $1,153,664.43.
The balance $34,836.46 to be carried to new profit and loss account.
DIRECTORS,
Mr. R. M. Gray has been elected Chairman for the year 1899 and Mr. N. A. Siebs, deputy Chairman.
Mr. R. L. Richardson having resigned his seat on leaving the colony, Mr. R. H. Hill has been invited to fill the vacancy; the appoint- ment requires confirmation at this meeting. -
Messrs. C. Bearmann, A. J. Raymond, and David Gubbay retire in rotation and being eligible for re-election offer themselves accord- ingly.
AUDITORS.
The accounts have been audited by Mr. F. Henderson and Mr. C. S. Sharp, who offer themselves for re-election.
J. J. BELL-IRVING,
Chairman.
Hongkong, 31st January, 1899.
Abstract of Assets and LIABILITIES, 31ST DECEMBER
Paid-up capital Reserve fund
1898..
LIABILITIES.
Marine insurance account Notes in circulation :—
Authorised issue against securities deposited with the rown agents for the colonies Additional issue autho- rised by Hongkong ‘r- dinance No. 8 of 1898, against coin lodged with the Hongkong Govern-
ment
Current accounts:--
Silver
$10,000,000.00
2,503,537.57
..$55,835,768.57 Gold,£1,219,664 12s. 9d.—12,455,841.72
Fixed deposits :-
Bilver
832,107,804.64 Gold,£2,997,956 150 7d=30,617,411.94
Billa payable (including drafts on London bankers and short eight drawings on London office against bills receivable and bullion shipments) Profit and loss account Liability on bills of exchange re-discounted, £4,646,959 88. 7d. of which up to this date £3,708,805 78. 9d. have run off.
Cash
ASSETS
Coin lodged with the Hongkong Govern ment against note cir.ulation in excom of $20,000,000....
Bullion in hand and in transit..
Indian and Colonial securities,
$ 0. 10,000,000.00
Investments, viz. :—
£250,000 21 per cent, con
sols lodged with the Bank of England as a
[February 11, 1899.
special London reserve $1,900,000.00 £475,500 consols and other
sterling securities Bills discounted, loans and credits
Bills receivable
Bank premises.
4,856,170.21
6,758,170.21
64,866,272.16
72,505,741, 4
767,648.84
181,755,156.66
1898. Dr.
GENERAL PROFIT AND LOS ACCOUNT, S1ST DECEMBER,
To amounts written off:—
Remuneration to directors To dividend account:-
£1 10s, por share on 80,000
shares £120,000 at 48. 6d. $533,333:88 Bonus of £1 per share on 80,000 shares=£80,000 at 48. Gd. ... .*******
366,555.55
To dividend adjustment account:-
Difference in exchange between 4s. 6d, the rate at which the dividend and bonus are declared, and 18.114 the our- rent rate of the day
To transfer to reserve fund. To transfer to Bank premises account To balance carried forward to next half-year
By balance of undivided profits,
30th June, 1898 .. By amount of net profits for
the six months ending 31st December, 1899, after mak ing provision for bad and doubtful debts, deducting all expenses and interest paid and due
To balance
$376,916.67
4,015,272,00
4.
15,000.00
888.888.88
1,153,664.32 1,000,000.00 800,000.00 834,636.46
$4,392,189.66
4,392,189.66
$4,392,189.66
RESERVE FUND..
10,000,000.00
10,000,000.00
By balance, 10th June, 1898 By transfer from profit and loss account
9,000,000.00 1,000,000,00
$10,000,000.00
SHANGHAI LAND INVESTMENT COMPANY, LIMITED.
The following is the report of the Directors for presentation at the tenth annual meeting of shareholders, to be held at Shanghai on the 8th February
يد
The Directors beg to present their tenth 9,000,000.00
250,000.00 annual report, and a statement of the Com- pany's accounts for the year 1898, which they trust will meet with the shareholders' approval. The profit for the year on Working Account amonatâ to Tuels 134,617.87 as against Taels 118,751.67 last year.
12,503,537.57
68,29,610.29
:.
The Profit and Loss Account, after paying the amount of the interim dividend declared in July, shows the sum of Taels 89,435.44 at credit, and this it is proposed to appropriate in the following manner:—
To pay a final dividend of 6 per cent. on the paid-up capital (making 101 per cent. for the year)
To transfer to reserve fund (being interest on undeveloped estates Nos. 8 and 9) 62,725,216.58
To carry forward to new
14,592,602.56 4,392,189.66
account
Tuels 78,000,00
5.955.11
5,480.33
Wills's Estate. No 1-In Mạrch last the directors sold the plot of land at the corner of Astor and Whangpoo Roads (about ona mow), - with the house upon it, to the German Church Committee for Taels 20,000 and this accounts for the reduction in the capital account of this
$181,755,156.66 estate.
The ground lease of Block-N., at the corner .. of Seward and North Soochow Roads, fell in 35,259,491.05 to the Company on the 31st December, 1898, and this will give an increase of about Taels 6,000 in rental during the current year. 8,250,000.00 3,952,081.43 Chwong Hoong Estate, No. 2.--A beginning 4,907,751.93' has been made in developing the vacant piece
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