The Summer Links have again proved great attraction, and three competitions have been played with resulta as fol-
1—Stroke Competition—8. K. Lupton. 2.—Tournament H. Hunt. 8.—Bogey %s J.P. Lowe. 2nd C. H. P. Hay. 2nd H. Rodger.
Finance.—The financial position of the Club may be considered very satisfactory. Commencing with a cash balance of $1,140.60 from the accounts for the previous year, the remainder of the 6 per cent Debentures of 1898, amounting to Tls. 1,275, besides the interest for two years, have been paid off, and we carry forward a cash balance of $1,725.88, The stock of gear on hand and gear accounts in course of collection amount to $1,569.45 as compared with $1,570.00 at the end of last year.
There are four debentures, the holders of which are not recorded on the Debentures Register, and as the book containing the counterfoils of the certificates has been mis laid, the Committee are unable to hand the proceeds to the holders. In the meantime the amount has been placed on fixed deposit at 5 por cent per annum, The Club property has been written down from $5,000 to $1,000 and the furniture from $800 to '$500, so that both these items now appear at their realizable value, The Committee have to, thank Mr. A. E. Jones for kindly auditing the accounts.
Text read from the printed page and cleaned; old type leaves the occasional error.