'A special meeting of members of the Tls. 4,000. Later on they might help them to a greater extent. The Club had received substantial support from an old member, and he felt certain that they sould have further support from old members in taking up debentures The figures he had mentioned brought the money in 1 to Ts, 13,000. They had therefore another Tls. 9,000 to obtain from other sources, which he thought they would have no trouble in obtaining. They hal not, from what he might call the business point of view, any valuable security to offer, but there were several old and wealthy mem-
Shanghai Rowing Club was held on Wed- pers who would be perfectly willing to nesday 0 tthe Shanghai Club to come to the assistance of the Club, "and he plans of the new boathonsw and Jend them money at the rate of 7 per cent.
hath. The Captain (Mb They would have to pay interest, but they ied the che 1 there w#s! had been building up this reserve of Tis.
The Chairman said th meeting was to dise: boathouse, which kal beer ofer a gaul many ce were new such as taal 9,000) for a considerable time now, well knowing that. their present boathouse could not stand for ever. He had pleasure in proposing the second resolution That the Committee be and they are hereby authorised to proceed at once with the cmstruction upon such sites of a those and Clubhouse in accordance us submitted to this meeting thy cost of construction ster, the Mam Aftr 000, either out of the funds of the Club or by the issue of debentures. or otherwise as the Committee inlay think best in the interests of the Club. sen seconded thy resolution, ing rise drafts of the ageeement were rou be signed with Mr. Cowan, Mr. the Harbour Master, the "Harh notice he wished th that the first object of their Committee was Commnell The burch was not yet quite realy. with the/to have a new boathonwe They were a the Union Rowing Cab, and they ought to havea boathouse properly fixed up before they went in for any outside venture. That it wrooable to renew the old lease oF swinuni th was necessary in Shanghai reid hey were trying to first resolut mistch pleasure: pending There was very little jot it.
They wer was beyond doubt, and it was a very excellent idea that one should be ran in con junction with the Rowing Club. The id was not one of his own, but it cane th my their landlord, so to speak, Union Church, ted it, and the Committee agreed that it was an excellent question, and that they might include it it plans for a new buxthouse, With Tis Govermacnt for which ise itself was and tho} that object in view they had drawn up these plang and submitted them for the al of the mewbera, With regard to the cost, Is 20,000, the Committea had not gone into the question of raising which he follow ch sites a Boathouse.
Bath, and to take all sequent upon sitd se; hon the to the scene received fu birney, but the money night be Ly the issue of debentures. The estimate was Tls. 14,000. This was exeluwater spply, and they did not yet Inow whether they wore going to tse creek water and filtered or waterworks Wi sand other things the amount (Tle, 17,006, he 20,000, wer the to the actus cost of the hath, it)
for them to know th: ning Recreation yroufd cost. about 'a year to run, included Th would be ten nionths fi: twelve months for Accorling to to'Tls. 1,00) was ctivally the cost of the ater each 5 th debentures to Ts. in the swim mi that it should not be 1 Any member wishing provide ould pay Tls. 10 1
Text read from the printed page and cleaned; old type leaves the occasional error.