Bela ab Coad: thereof some days; was sufficiently extensive and Club, (hear hear) and who, he understood, left him little to say. He would therefore and was sorry to say, had intimated that iters. leave it to the members to make any com-was about to give up the post.
Dividends unpaid ments upon itand would make none himself.
Mr.. Wane said that roughly speaking Deposit from Coke Contract Through an error on the part of the printer, the list of playing members might be Deposit from Tar Contractor the balance had been mixed up with the rather reduced, and they would have to Deposit from Compradore Rent Account, and the balance of taels Deposits from Gas Consume! start with 20 members less than last year. 276, had been put in the wrong place.
But he had no reason to think that the The Rent, taels 300, had been paid up to list of Honorary members would be rethe end of December 1887, and not duced; on the contrary with any decent Assets. which wasa misprint. With the permission secretary, he believed the list would be up Land and Buildings for the Manu-of the meeting, the Report and Accounts to a hundred. facture of Gas. would be taken' as read, any he would be Mr. ANDERSON thought it would be Cost on 31st Dec. happy to hear any remarks or suggestions hard to make good the loss of Tis, 300 1886 49,000.00 thereon from any of the members present. from the twenty playing members, The Additions " during Mr. Ross proposed certain alterations in expenditure was last season Tis, 2,287 the year.
115.98 49,115.98 the manner of Keeping the accounts for the against Tls. 1,611 in 1886, showing an in-future, by which the pecuniary position of crease Tis, 676. He thought it a pity that Lesa written off for Depre-the Club would be rendered plainer. He obsome of the increased revenue was not put ciation... " 4,115.98 served that the second paragraph in the Report stated that the increase in the expendi-by lst year for a rainy day.
'The Carman pointed' out that they Machinery for the Manufacture of Gay ture of the Club during the past season had carried forward Tis, 279, against was justified by their sound financial posi-credit balance Tls. 7, the previous year. Coston Bist Dec.
1886 53,000.00 tion. He considered this a very strong Mr. Anperson said that in 1886 nothin; statement, considering that the Club was was collected from members for grown Additions during the year in debt. He suggested that in addition to new Cornish Steel the Balance sheet, there should bea Work-expenses, which with eighty-eight members ata tael each would have left a debit balance Boilers, &e. 211204 ing account and a Revenue account, as he of 81 Taels, Seeing that the Pavilion Less written off for Depre-mentioned last year, but this suggestion wanted to be enlarged, and they had a ciation. was merely for the benefit of the new Committee. debt han; ing over their heads, he advocated the bul iding up of a Reserve fund to Mains, Services, de, for the Distri-The Cuamanx said that he recol-provide against a time when cricket would bution of Ges. lected Mr. Ross's suggestion last year, but not be so popular as it is now. But he Cost on 3ist Dec., though the accounts were presented in only offered these suggestions fur the 'a statement of the Rece pia and Expendi-the form of a Balance sheet,' it was really guidance of the new Committee.
Additions during The Cuarnway said the Committee were the year ture, Certainly, as Mr. had said, the very much obliged to Mr. Anderson for his New Mains, Meters Club was two thousand taels in debt, though admirable remarks, which would be remem and Services,.1,995.45 the fact was not actually shown the Dered by the Committee, especially his accounts, and he thought Mr. Ross's resuggestion about a Reserve fund. No Less written off for Demarks were not out of place, and would be doubt there was a good deal of money spent preciation borne in mind by the Committee for the -44,000.00 last season, owing to the influx of new Office Furniture ensuing year. ud owing to the corresponding Valuation on lst 'A discussion on some items of expendi-increase of funds they had perhaps been Dec., 1886...... 280.00 ture was raised by Mr. Anderson with a more lavish than they might have been. Additions during view of showing that the expenses were Mr. AxpeRson repudiated the idea of the year. 52.09 unusually heavy last season. He agreed having intended any reflection on the 332.09 with Mr. Ross's observations on the point, management of the Club, which had been Less written off for Deand thought that the old way of keeping most prosperous, and later on he thought preciation 32.00 the accounts should be adhered to.as nearly someone would move a warm vote of thanks 30.0 Fire Insurance unexpired 69.19 as sible. to Mr. Wade and the Committee. (Hear, it. Wape said that the Ground expenses, hear), Nor did he wish to appear as-adv Stocks on Hand Fittin, 10,189.06 the Washing bill, the amount to the Shang-cating s cheese-paring policy especially aa hai Waterworks, had been larger last year it might be brought up against him that he Coal ar, Purifying Ni terial and Gas in Hold-than ever, by reason of the increase in the number of members. the Club, which he incured in position was originally responsible for the debt, of ers 2,118.60 Gas Engines and Tmproto the Comittee, In conclusion he again ved Lights for Houses chai for ground expenses cover the ANDERSON asked would the tael repeated his suggestion about the formation and Streets... 6,096.44 increased cost. if a Reserve fund, 18,404.10 Mr. Wave answered in the negative.
The Cuammax then proposed the adop+ Sundry Debtors Mr. ANvexsoN was in favour of increastion of the Report, which was seconded by Amount due for Gas, Fittings, ing the charge for ground expenses to two Mr. W. R. Conces and carried unanimously, Coke, Tar, &c. 11,147.16 taels. That was the only way, he saw, to meet the increase in the item of Ground tion of the Accounts, which was seconded The Cuaikaax next proposed the adop-Deposits with the Hongkong and anghai Banking Corporation)03,300.00 Exy. As to the Lockers Account which had being deducted from Ground Expenses, Mr. LIT. Wane and carried xem. con. Interest due to 31st December,
Balance at Credit of Current Ac-1887 3,385.89 Mr. Ross mentioned that he had heard he could scarcely see what relation that item from time to time complaints by outsiders, count with the Hongkong and bore to Ground Expenses, and it was the of the general management of the Club,
Cash on Hand 387.05 anghai 1g Corporation 10,933.69 first year it had been deducted from the though it was difhoult to yet the com-Jatter account. He was opinion that some plaints into definite shape. Ho suggested of the increased funds of last season might have been advantageously' applied to enlarge the appointment of two ur three members Tls. 286,927.08 of the General Committee who would act ing the accommodation of th jedressingrooms. asa ground Committee, and decide when Since collected Tls. 10,145.13 fear, hear). In the first part of the accounts the ground was fit to play upon. There I hereby certify that I have compared these he saw an item of taels 74.81 for turf was one notorious instance last season of Accounts with tie General Ledger, and have following "many new Improvements." found them to conform thereto. I'have also took it that the new improvements should condition, and recurrences of this would being played upon when it was very bad compared the payments in the Cash Book be pa under the head of Improvements, avoided by leaving the matter to a sub-with the Cheques and cther Vouchers for the not under that of Ground Expenses, Committee, to whom alo might be en-Year ending 3ist December, 1887, and have Then, again, it used be the custom to present trusted the direction of the pitches. It found all to be correct. to the members an estimate of the Income Avo. Wurrs, seemed to him also that something should Auditor, and Expenditure for the com " Which regarded as very important, as it gave be done, as to the appointment of Umpires beforehand.. Last season in one case it the members an idea of what the year was was found that the gentleman acting as
Text read from the printed page and cleaned; old type leaves the occasional error.