57
TRADE MARKS ORDINANCE, 1909.
N
Application for Registration of Trade Mark.
OTICE is hereby given that CHOJIRO NITTA, of 1281, Kuboki-chicho, Nanba, Minami-Ku, Osaka, has on the 17th day of December, 1914, applied for the registration in Hongkong in the Register of Trade Marks of the following Trade Marks namely:-
(1.) The representation of a five pointed star with 3 lines in the centre of the star".
(2.) "The design of a continuous strip of belting passing round the globe at one end and a small circular piece of wood bearing Trade Mark No. 1. at the other, above the centre are two winged Cupids ".
in the name of CHOJIRO NITTA, who claims to be the sole proprietor thereof.
The Trade Marks have been used by the applicant in respect of Leather Belting, in Class 37.
Dated the 8th day of February, 1915. DENNYS & BOWLEY, Solicitors for the Applicants, 2, Connaught Road Central,
HONGKONG
▸
Hongkong.
AND SHANGHAI
BANKING CORPORATION.
NINETY-NINTH
REPORT OF THE COURT OF DIRECTORS
TO THE
ORDINARY HALF-YEARLY GENERAL MEETING
OF
SHAREHOLDERS
TO BE HELD
AT THE CITY HALL, HONGKONG,
ON
Saturday, the 20th February, 1915, AT NOON.
To the Proprietors of the
HONGKONG & SHANGHAI Banking CORPORATION.
GENTLEMEN,
The Directors have now to submit to you a General Statement of the affairs of the Bank, and Balance Sheet for the half-year ending 31st December, 1914.
The net profits for that period, including $2,089,008.41, balance brought forward from last account, after paying all charges, deduct- ing interest paid and due, and making provi- sion for bad and doubtful accounts and contingencies, amount to $5,894,227.17.
After deducting Remuneration to Directors there remains for appropriation $5,879,227.17, out of which the Directors recommend the payment of a Dividend of Two Pounds and Three Shillings Sterling per Share, viz. £258,000, and a Bonus of Five Shillings Ster- ling per Share, viz.; £30,000 amounting in all to £288,000 which at 1/94, the rate of the day, will absorb $3,271,952.66.
The Balance $2,607,274.51 to be carried to New Profit and Loss Account.
STERLING RESERVE FUND. The holding of £1,200,000 24 per cent. Con- sols has been written down by £30,000 to £822,000, and now stands in the Books at 681; "Other Sterling Securities" have also been written down to market prices at the end of the year.
To effect these adjustments and maintain the Fund at £1,500,000, War Loan 34 per cent. Stock to the face value of £35,000 costing £33,250 was purchased and added to "Other Sterling Securities" bringing the amount un- der that heading to £466,500 written down to £371,100.
This expenditure was met out of the earn- ings of the half-year.
DIRECTORS.
The Honourable Mr. DAVID LANDALE has been elected Chairman for the year 1915, and Mr. W. L. PATTENDEN Deputy Chairman.
Mr. J. A. PLUMMER and Mr. C. S. GUBBAY retire in rotation, but being eligible for re- election, offer themselves accordingly.
AUDITORS.
The accounts have been audited by Mr. J. W. C. BONNAR and Mr. F. MAITLAND who offer themselves for re-election.
DAVID LANDALE,
Chairman.
Hongkong, 9th February, 1915.
ABSTRACT OF ASSETS & LIABILITIES, HONGKONG & SHANGHAI BANK- ING CORPORATION, 31st December, 1914.
GENERAL PROFIT AND LOSS ACCOUNT, HONGKONG & SHANGHAI BANK-
ING CORPORATION,
31st December, 1914.
LIABILITIES.
Paid-up Capital,................
...$15,000,000.00
Sterling Reserve Fund, £1,500,000
@ ex. 2/-,
Silver Reserve Fund,.... Marine Insurance Account,.. Notes in Circulation :-
(Authorised Is-
sue against Securities and Coin deposit- ed with the Crown Agents for the Colon- ies and their
Trustees,)....$15,000,000.00
Additional Issue authorised by Hongkong Ordinances against Coin lodged with the Hongkong
Government, 12,247,823.00
··
15,000,000.00 18,000,000.00
250,000.00
-27,247,823.00
Current Silver, $139,190,287.11 Accounts, Gold, £5,846,366. 1s. 11d.=66,076,790.25
Dr.
To AMOUNTS WRITTEN OFF :-
11
Remuneration to Directors,.. $ 15,000.00
DIVIDEND ACCOUNT:-
Dividend £2.3/-
per Share
on 120,000 Shares £258,000 at 1/93-
Bonus 5/- per
$2,931,124.26
Share on
120,000 Shares
=£30,000 at
19=
340,828.40
3,271,952:66
11
BALANCE forward to next
half-year,
2,607,274.51
$5,894,227.17
Cr.
By Balance of Un-
::
--205,267,077.36
Fixed Silver. $71,358,782.87 Deposits, Gold, £4,663,261, 18s. 1d.-52,686,415.83
-124,045,198.70
Bills Payable (including Call Loans and Short Sight Draw- ings on London Office against Bills Receivable and Bullion Shipments), ......$ 8,420,301.74 Drafts on London
Bankers,
8,930,113.32
Acceptances on account of Con-
stituents,
Profit and Loss Account, Liability on Bills of Exchange re-discounted,
£11,584,790. 128, 6d, of which £9,220, 215, 158. 9d. have since run off.
Cash...
ASSETS.
-17,350,415.06
7,120,699.67 5,894,227.17
$435,175,440.96
$74,281,545.89
Coin lodged with the Hongkong Government against authoris- ed and/or excess note circula- tion, Bullion in Hand and in Transit, Indian Government Rupee Paper, Colonial and other Securities,... 14,807,913,50 Sterling Reserve Fund Invest-
ments, viz. ---- £1,200,000 21
per cent. Consols at 68, (of which £250,000 lodged with the Bank of England as a Special London Reserve). £330,000 3
per cent. Exchequer
Bonds due
£822,000
1930 at 93,... 306,900 £466,500 Other
Sterling Securities, written
down to... 371,100
15,500,000.00 7,630,216.66 1,367,919.12
£1,500,000 @ ex. 2/-, 15,000,000.00
Bills Discounted, Loans and
Credits,
Bills Receivable, Liabilities of Constituents for
acceptances, per contra, Bank Premises,....
141,540,884.57 150,946,139.08
7,120,699.67 6,980,122.47
$435,175,440.96
divided Profits,
30th June, 1914, $2,089,008.44
Amount of Net
Profits for the Six Months ending 31st December, 1914, after making provision for bad and doubt- ful debts and contingencies, deducting all Expenses and Interest paid and due,
3,805,218.75
-$5,894,227.17
$5,894,227.17
Dr. STERLING RESERVE FUND. To Balance, £1,500,000 @ ex. 2/-,$15,000,000.00 (invested in Sterling Securities).-
Or.
By Balance 30th June, 1914,
$15,000,000.00
£1,500,000 @ ex. 2/-,.........$15,000,000.00
$15,000,000.00
Dr.
SILVER RESERVE FUND.
To Balance...
$18,000,000.00
$18,000,000.00
Cr.
By Balance 30th June, 1914,.
.$18,000,000.00
$18,000,000,00
N. J. STABB, Chief Manager.
A. C. HYNES, Acting Chief Accountant.
DAVID LANDALE, W. L. PATTENDEN, P. H. HOLYOAK,
Directors.
We have compared the above Statement with the Books, Vouchers and Securities at the Head Office, and with the Returns from the various Branches and Agencies, and have found the same to be correct.
J. W. C. BONNAR, F. MAITLAND,
Hongkong, 9th February, 1915.
Auditors.