THE HONGKONG GOVERNMENT GAZETTE, 31ST JULY, 1897.
HONGKONG & SHANGHAI BANKING
CORPORATION.
SIXTY-FOURTH
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 14th August, 1897,
ÁT 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 30th June, last.
The net profits for that period, including $300,323.95, balauce brought forward from last account, after paying all charges, deducting interest paid and due, and making provision for bad and doubtful accounts, amount to $1,826,674.22.
The Directors recommend the transfer of $500,000 from the Profit and Loss Account to credit of Reserve Fund, which Fund will then stand at $7,000,000.
After making this Transfer and deducting Remuneration to Directors there remaius for appropriation $1,311,674,22, out of which the Directors recommend a Dividend of One Ponud and Five Shillings Sterling per Share, which will absorb $444,144.41.
The difference in Exchange between 4/6, the rate at which the Dividend is declared, and 1/112, the rate of the day, amounts to $566,081.88.
The Balance $301,147.90 to be carried to New Profit and Loss Account.
DIRECTORS.
Messrs. D. R. SASSOON, M. D). EZEKIEL and A. MCCONACHIE having resigned their seats on leaving the Colony, the following gentlemen have been invited to fill the vacancies thus created: Messrs. DAVID GUBBAY, A. J. RAY- MOND and GERALD SLADE. The Directors have likewise invited Mr. G. D. BÖNING to join the Board.
All these appointments require confirmation at this meeting.
AUDITORS.
The accounts have been audited by Mr. F. HENDERSON and Mr. C. S. SHARP.
ST. C. MICHAELSEN,
Chairman.
Hongkong, 29th July, 1897.
ABSTRACT OF ASSETS AND LIABILITIES, HONGKONG & SHANGHAI BANKING
CORPORATION,
30th June, 1897.
LIABILITIES.
Paid-up Capital,
Reserve Fund,
Marine Insurance Account,
Notes in Circulation,....
Current Silver, .$49,943,083.84
Accounts, Gold,
£3,065,900.5/10-30,975,477.79
Fixed Silver, $30,641,249.52 Deposits, Gold,
£2,610,278,5/3—26,376,108,87
Bills Payable (including Drafts on London Bankers and Short Sight Drawings on London Office against Bills Receivable and Bul- lion Shipments),...... Profit and Loss Account,
.$10,000,000.00 6,500,000.00 250,000,00 9,819,308.03
80,918,561.63
57,017,418,39
Cash,
ASSETS.
Bullion in Hand and in Transit, Indian and Colonial Securities, INVESTMENTS, viz.:-
£250,000.00 23 per cent. Consols lodged with the Bank of England as a Special Lon- don Reserve,
$1,900,000.00
£510,650.0.0 Consols
and other Sterling Securities......
$24,199,397.30 3,548,669.97 4,191,730.15
5,160,252.63
7,060,252.63
Bills Discounted, Loans and Credits, 65,269,997.73
Bills Receivable,
Bank Premises,
Dead Stock,
72,961,116.03
966,822.21 100,000.00
$178,297,486.02
GENERAL PROFIT AND LOSS ACCOUNT, HONGKONG & SHANGHAI BANKING
Dr.
CORPORATION,
30th June, 1897.
To AMOUNTS WRITTEN OFF :-
**
*
*1
་་
Remuneration to Directors,.. DIVIDEND ACCOUNT:-
£1.5/ per Share on 80,000 Shares
£100,000 at 4;6,.
DIVIDEND ADJUSTMENT AC-
COUNT:-
Difference in Exchan e between 4/6, the rate at which the Dividend is declared, and 1/11, the rate of the day,...
TRANSFER TO RESERVE
FUND,
BALAN E carried forward to
next half-year,
Cr.
By Balance of Undivided Profits, 31st Decem- ber, 1896, Amount of Net Profits for the Six Months ending 30th June, 1897, after making provision for bad and doubtful debts, de- ducting all Expenses and Interest paid and due,
To Balance,......
.$500,323.95
15,000.00
444.444.14
566,081.88
JUST PÚBLISHED.
A REPORT
ON THE
631
EPIDEMIC OF BUBONIC PLAGUE
AT
HONGKONG
IN THE YEAR 1896,
BY
STAFF-SURGEON WILM
of the Imperial Germau Navy. Translated for the Government of Hongkong
BY
MAURICE EDEN PAUL,
M.D., Brux., M.R.C.S., L.R.C.P.
Price 50 cents per copy.
Copies can be had on application to ›
NORONHA & Co., Government Printers.
Hongkong, 27th March, 1897.
FOR SALE.
HE CITIES AND TOWNS OF CHINA
500,000.00 THE
301,147.90
$1,826,674.22
A Dictionary of Reference.
By
G. M. H. PLAYFAIR.
Price-$3.00 per Copy, bound.
Apply to
Messrs. NORONHA & Co.
+,
LANE, CRAWFORD & Co.
KELLY & WALSH.
""
Hongkong, 27th January, 1880.
NORONHA & Co.,
.1,526,350.27
$1,826,674.22
$1.826,674,22
PRINTERS, l'UBLISHERS & STATIONERS,
and
RESERVE FUND.
$7,000,000.00
$6.500,000.00
500,000.00
$7,000,000.00
By Balance, 31st December, 1896,.
Transfer from Profit and Loss
Account,......
T. JACKSON, Chief Manager.
A. COUTTS, Acting Chief Accountant.
ST C. MICHAELSEN,
J. J. BELL-IRVING, R. M. GRAY,
}
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.
F. HENDERSON, ) G. S. SHARP, flongkong, 29th July, 1897.
FOR SALE.
Auditors
HE first and second volumes of
The Concise Edition of the Ordi-
nauces of Hongkong from 1844 to 1890, with Rules, Regulations in force, etc., thereunder, in 2 Vols. edited and collated by A. J. LEACH, Esq., for the Govern- ment of Hongkong.
Copies may be obtained from
COLONIAL SECRETARY'S OFFICE, Messrs. KELLY & Walsh, Lv.,
LANE, CRAWFORD & CO., NORONHA & Co. 12,465,523.15
1,826,674.22 Price-1st Volume,
$178,297,486.02
79
"
2nd Volume,. Hongkong, 14th May, 1892.
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