A fully attended meeting of the Membersof the Shanghai Club was held on Tuesday afternoon, September 2Ist, "to receive the report of the Committee on the working of the Club during the current quarter." Mr, Fearoy occupied the Chair The Crarrstay said that the Club had been worked during the quarter at the increased tariff for boarders, and the loss was greatly reduced, but there was still a deficiency. The loss on the boarding account for July was $31 and fur August $74, besides which the shareholders were responsible for accounts amounting to $1,000, as well as for the interest on tle new Joan. The shareholders lid come tothe conelusion that the only course was to close the Club on the 30th instant, but if the members particularly desired it they were willing to keep open till October Sist, but without the boarding department. It was impossible that the Club could any longer he worked on the present basis, nor was it fair that the shareholders should be culled onto bear an increasing loss; it was better for them to stand by the loss they had already incurred including the capital sunk in the building and furniture. Still the shareholders would be glad if the members would come forward with any splen of reorganization by which they would take the management into their own hands, The shareholders had always wished to keep the Club open, and he hoped that some member would suszest a scheme by which such could be done. Besides the loss which he had already mentioned there was a further one of $1,500 for depreciation of Mr. Has: asked what was the loss on unpaid recounts, The Citatraas said that he could not tell as the accounts could not be made up till the end of the quarter, Mr. Canter asked if any accounts were on the table. 4
The Citsinstay showed him some memoranda, the official accounts could not he made up till the 30th inst.
Mr, Haxses considered that it would be better if the shareholders stated definitely what their intentions were, the members could their make their remarks on it, and possibly some feasible suggestion would be made.
The Citrix stated' that the intention of the shareholders was to close the building on the 30th instant, unless the members were willing that it should he kept open for another month hour the boarding department. They had no desire to close it if any plan could be devised by which if could be continu Mr. Haw—But under no circumstances will it he kept open under the present arrange-
Text read from the printed page and cleaned; old type leaves the occasional error.