The Chairman said that the first business before the meeting was to past the report and accounts for the past year. The members would notice the last season wax a very prosperous tone, no less a sum than $4,882.92 having been transferred to the credit of the profit and loss account and, moreover, the club was quite free froma debt. It was true that there was sum of Tis, 1,000 dae from the club to the trustees of the Recreation Fund, being the balance of " lorn, but arrangements had been made to repay same, the amount having been on fixed deposit in the Hongkong and Shanghai Bank and it would mature on December 31 and the Tls. 1,000 would then be repaid. A. new agreement had been made with the trustees of the Lycoam Theatre, The club took lease of the theatre for five years at Tls. 4,000 year. The dnb had to pay for all repairs to the interior of the theatre and also the rates and taxes, bat the trustees had to pay for all the external repairs. Provision was made the agreement that an account was to be kept which would be called Theatre Rental Account, on the credit side of which would be placed the: amounts received for sub-leases of the' theatre and also the cent which had to be paid by the club, which was to be the sum of $100 forerch performance. On the other side of that account was to be put all the expenses incurred in the running of the Clab. If this account showed a profit at the end of the seawn that profit could be used in renovating the theatre. The Chairman hoped that the members would agree that both the aureement and lease were favourable, not only to the Club, bat! also to the trustees of the Lyceum Theatre. As regarded the coming season he had to tell them that several now plays had been ordered from Home and it was hoped that amongst the representations they gave there would be one musical piece.
Since the report had been written one exent had happened to which he mast allude, It was with the greatest of sorrow that he alluded to the death of their old friend and fellow member, Mr. Allen. Mr. Allen was connected ith this club for a great number of years and the speaker remembered his playing in 1893 in the farce William Tell." and he believed that Mr. Allen played before that time on several occasions for the club. He was bound to Jr
Text read from the printed page and cleaned; old type leaves the occasional error.