It appears that some members of the community deem that sport is not sulficiently represented in the Colony and are desirous of establish Athletic Club. At present out-door sports are represented by an annual meeting at the New Year and one or two other events during the year. The promoters of the new Chih wish to put these out-door sports on a much larger footing and intend to apply to the Government for a piece of ground for this purpose, and hope it will be lar ce cnotigh for a cinder-path, bieyels wand a straight track of 120 yards. ahong boasted of a Club of this kind, with the then Governor as President, bat it lapsed for want of support.
Meetings of Public Companies.
An extraordinary meeting of the share-cisers in the China Provident Loan C La., was held on the Lith inst., at whi the re-elutions providing for the reduction of the capital to the amount already called up and which were passed on the 22nd ult, were unanimously confirmed.
The shareholders in the Kowloon Land and Building Ca., J., had their annual ceting on the 19th inst., when Mr. Goos-mann, in the absence of Mr. F. Henderson through indisposition, took the chair. He said that the beticr results attained were due to' their having, in accordance ers raised their rents. ited the adoption of the report and accounts, put ina plan for a better water supply to the houses, The Chairman said the matter would be conered by the Board. The report and accounts were passed and the retiring directors and auditors wore re-elected.
Reports of Public Companies.
The report for presentation to the yearly meeting of the shareholders in the Hongkong Rope Manufacturing Ca., Ld. has been issued. It shows that the net profits (including balance from last account) amount fo $114,693.01.. From this sum it is proposed to place $5,030 to Reserve Fund, to pay a dividend of 20 per cent, absorbing $100,000, and to carry the balance of $9,693 on to new account, The General Managers stars that business has again suffered from the abnormally high price of Manila hemp, to which cause is i.e the somewhat reduced profits shown.
Accident at Artillery Practice.
Whilst practice was being carried on by some of the Garrison Artillery on Stonecutters Island on the morning of the 11th inst., a shell burst over a boat. injur three coolies. The boat, though damaged, did not sink, and the coolies who were not seriously injured were taken off and sent the hospit:
Naval Intelligence There are few movements of men-of-war to report during the interval. The only arrival has been that of the French gunboat Lion on the 8th inst. from Foochow. The departures have been scarcely more numerous, consisting of the American flagship Brooklyn for Manila, the French Jeruiser Chasseloup Tauhat, and the French gunboat Lion for Saigon, all on the 11th
Text read from the printed page and cleaned; old type leaves the occasional error.