266
[April 4, 1904)
Sir PAUL CHATER seconded, and the motion was agreed to.
THE HONGKONG WEEKLY PRESS AND
sent local bills at the end of December, all of which have since been paid. The large sum appearing at debit of furniture and fixtures is for cost of new fittings from England, elec-resolution :-" To those shareholders who make The CHAIRMAN proposed the following
Goosmann, on or before the 2nd day of April, a written application to the liquidator, Mr. J. 1904, 81 or a fraction of same will be returned payment of auditor's fee, printing and petty per share, and any balance remaining after expenses, is to be transferred to the credit of the liquidator."
improvements to the building introduced since the contract was signed. Our stock on hand is about $23,000 more than 1902, which is due to our increased business and larger premises. Our serated water factory is in excellent working order, and the demand for our pro- ducts increasing. The factory, which used to be in Mason's Lane, is now attached to this building and is, therefore, constantly under the personal supervision of the general managers, a change, I may add, that is most desirable. The structure known as Watkins' Building has been erected with funds raised on mortgage of the building and on the personal guarantee of the general managers, for which the com- pany has not been charged with any com- mission. At the present moment the company is receiving rents nearly sufficient to pay off the monthly instalments of capital and interest, so that we have the use of the whole of the ground floor of this building at a nominal figure, Gentlemen, I may tell you that if we have more capital we will be able to do more business, and consequently earn larger profits, thus enabling us to pay you larger dividends. It is, of course, for you to decide whether to increase the capital or not. Before proposing the adoption of the accounts, I shall be glad to answer any questions shareholders may wish to ask.
Mr. T. I. Rose seconded, and the motion was agreed to.
This was all the business.
SPORTING NOTES.
(Daily Press 26th March.)
bound to say that when he came there in July last there was a large quantity of crime in the Colony, and he was one of those who believed that the Chinese community of Hongkong the resident Chinese community-was a law-tric light and gas installations, also for various abiding and very respectable community, and there were very few persons addicted to crime or petty offences amongst the resident Chinese population. And he had always held the opinion that they, alike with the Europeans. would greet with pleasure and joy any attempt to diminish crime in their midst. That of course had led him to reintroduce the stocks and to pass certain sentences of some severity, but the sentences which were severe were sentences which were passed upon persons who had been previously convicted. He was happy to say that the late Governor, Sir Henry Blake, at the end of his time, and the present Officer Administering the Government, during his time, had recognised the fact that the only way to keep down crime in the Colony was to banish from the Colony people who came down here simply for the purpose of making a raid and getting away with what they could get. As a result of the measures which he had taken-the stocks, and prima- rily and essentially banishment and by means of the co-operation of the police, he was glad to say that the work for him and for his colleagues dur- ing the last five or six months had been very much diminished. In fact if they spoke to the reporters it would be found that the latter when they came to the Police Court had rery often 10
away without getting anything. He was very much obliged to the Inspectors, and he thought it was a very high honour to meet them spontaneously in this manner. All he could say was that he hoped his successors with their assistance would be able to keep down crime, and he was sure that if the police wanted any help Mr. Gompertz and Mr. Kemp would be only too glad to render it to them. Before he went he might say that he had that morning written to the Captain Superintendent of Police asking him CHINESE INSURANCE CO., LD. in the China squadron, as well as Lieut. Heath to convey to all sections of the Force his appreciation of the services they had done to him as a Magistrate. (Applause.}
The proceedings then ended.
κα
THE SENIOR MAGISTRATE AND THE
SANITARY STAFF.
On the conclusion of business in the Senior Magistrate's Court on Thursday morning. Mr. T. Sercombe Smith, addressing Senior Inspector Lamble, representing the Sanitary Department, said: Mr. Lamble, it gives me great pleasure on leaving this Court to express my high appreciation of the discretion, tact, and ability shown by the members of the Sanitary Staff who have had to transact business here, and I would be glad if you would so inform them. I regret that I am unable to thank them col- lectively for the great help they have given me in dealing with the new Ordinance.
WATKINS LIMITED.
ANNUAL MEETING.
The ordinary annual meeting of the share- holders in Watsius, Limited, was held on the 26th ult. in the Company's office, Queen's Road. Mr. Chan A Fook presided, and there were also present Messrs. G. A. Watkins, J. W. Osborne, A. R. Ezekiel, Wong Leung Him, Tsang Ng Sai, and Teang Yut Kai.
The notice convening the meeting having been read, the CHAIRMAN said-Gentlemen, the report and accounts have now been in your hands for some days, I presume you have no objection to their being taken as read. The volume of business done by the Company during last year was slightly better than 1902, Your general managers, however, consider it advisable to write off larger sams for deprecia- tion rather than increase the dividend, which the slightly larger nett profit made, viz. $14,389.12 against previous year's $12,524.74, would permit. So far, the current year's business also shows encouraging increase, due, no doubt, to the enhanced position of our new premises, which were occupied by us in October last. Turning to the accounts, I would like to say a word or two in explanation. Regarding
Accounts Payable" $16,179.65, these repre- '
(4
There being no questious,
The CHAIRMAN formally move the adoption of the report and accounts.
Mr. A. R. EZEKIEL seconded, and the motion was agreed to.
The CHAIRMAN-Dividend warrants will be ready on Monday and shareholders are request ed to apply for them. This is all the business; thank you for your attendance.
GENERAL MEETING.
A general meeting of the Chinese Insurance Co., Ld., was held on the 26th alt, at the office of the Hon. Sir Paul Chater, Victoria Buildings, Queen's Road, for the purpose of receiving from the liquidator a final report together with the statement of a counts to 31st December, 1903. Mr. J. Goosmann, liquidator, presided, and there were also present Sir Paul Chater, Messrs. H. N. Mody, A. Haupt, E. Ormiston. A. J. Raymond, W. S. S. Sassoon, Lan Wai Chuen, T. P. Cochrane. T. 1. Ruse, F. M. de Graça, J. M. de Graça, E. Georg, and C. W. May.
i
For Hongkong sport, this is practically the last day of the season. The principal lawn tennis tournament has still to come, of course, and bowling, golfing, and yachting go on. But cricket and football, the leading games of our winter and spring, are at their last gasp, so to speak. The H.K.C.C. brings its match list to an ap- propriate end with a game against a fifteen chosen from the United League. As originally selected the League side included three players each from the .0.C., Civil Service C.C., and H.K.C.C. Reserves, two each from the Craigen- gower C.C. and R.E., and one each from the R.A,M.C. and Parsee C.C. Piper, however, has left the Colony, and Goldring is unable to play, so that another A.O.C. and another R.E. man have been brought in to fill the vacancies creat- ed by the defection of the two Club Reservf 3. 'I be fifteen is strong all round-if it rises to the occasion in fielding-and has in particular a good variety of bowling talent. The H.K.C.C. should have its work cut out for it, bat as its chosen team includes six of the last Inter- port XI. (among whom is Lumsden), ove former Interport player, two of the best bats
and William Dixon, it should take the field with considerable confidence.
virtually comes to an end to-day, there is still Though the cricket season, as I have said,
R.A.M.C., to be decided. one League game, H.K.C.C. Reserves v. date fixed for this match.
The 2nd April is the
Football is already finished. The final of the Shield competition marked the end of the Association season, for apparently, as was the case last year, we are to have no "Inter- national" match. Does this indicate a decay of patriotism? Or is it rather a sign of a The Chairman said-Gentlemen, with your surfeit of football? There used to be some permission we will take the report and accounts keenness in the past over Scotland. The World in your hands as read. Further, I do not and such games. An interesting match might know of very much to add, the liquidation be got up between Army and Navy under the of the Chinese Insurance Co., Ld., hav- Association code, if it were not so late in the ing become quite ancient history, already dating season and were the Navy not deserting us soon. back as far as 1888. It was only in 1892, how In the history of the Hongkong Challenge ever, that I was placed in charge of the affairs Shield Army teams have won the trophy four of this company. The bulk of the liquidation times-"G." Co., K.O.R., in 1898, G." Co. was finished at that time, and I had only to Welsh Fusiliers, in 1900, Siege Train in 1901, tribute the small remaining assets amongst the watch when I might consider it prudent to dis- and "A." Co., Welsh Fusiliers, in 1902. Naval teams have won three times H.M.S. Centurion shareholders. A few claims, which were not in 1897, H.M.S. Glory in 1903, and H M.8. recovered under the agreement with the London Albion in 1904. The solitary civilian success, syndicate, were also brought forward. As you was the H.K.F.C.'a in 1899. The Club will. will notice from the statement of accounts. I want considerable reinforcing before it is have had to make good the loss on one Japa-likely to repeat its performance. In three of nese loan bond. The bond was sold in the London market in July, 1891, when it was afterwards discovered that the bond had been drawn already in April, 1891, and after taking due advice I could not but admit the claim. The claim paid per Pempont was originally put for ward with £106:17:8, but after a good deal of cor- spondence I managed to compromise matters by paying £150. A few other small claims I have succeeded in refusing altogether. I might add that the original liquidators, Messrs. F. Dodwell and St. Č. Michaelsen, in their report of the 23ra January 1892, expressed the hope that the return of capital would probably be $11 per share, which you will find in a way has been realised, and I now beg to propose the adoption of the report and statement of accounts, trusting that one of the gentlemen present will second this,
good team, but has always been weak in one the last 4 years it has had the making of a
spot, though that spot has varied from the for- wards to the backs. Naval teams are in the ascendant just now, and the Albion's triumph was consistent with the ship's form in the Naval League on this station, which it heads at present. The Albion and Cressy meet in that competition today.
The defeat of the Rugby section of the H.K.F.C. on Thursday was anticipated, for the Navy has a wonderfully strong lot to select from now. However the Club was not dis. graced, though but for Pearce's good play the margin against them must have been considerably between a dropped goal and two tries. more than the actual 2 points-the difference By the way, I wonder how long it will be before all
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