736
THE HONGKONG GOVERNMENT GAZETTE, 8TH AUGUST, 1891.
SUPREME COURT OF HONGKONG,
THE Court will sit in Summary Jurisdiction, cvery Friday, until further notice.
THE
\HE Court will sit in Original Jurisdiction, on every Monday and Thursday, until further notice.
By Order of the Court,
BRUCE SHEPHERD, Acting Registrar.
THE BANKRUPTCY ORDINANCE, 1864.
MEMORANDUM of DEED to be registered pur suant to "The Bankruptcy Ordinance, 1864."
1. Title of Deed.
2. Date of Doed.
3. Date of Execu tion by Debtor.
4. The name and
description of
the Debtor as in the Deed.
1. Deed of Assignment and Re-
lease.
2. The 7th day of August, 1891.
3. The 7th day of August, 1801.
4.
José GoxNSALVES DOS REME- DIOS, of Victoria, in the Co- lony of Hongkong, Clerk.
5. The name and 5. ERNESTO PEDRO SEQUEIRA,
of Victoria aforesaid, Clerk.
description of
the Trustee or
other party to
the Deed not including the Creditors.
6. A short state- ment of the nature of the Dood.
6. An Assignment of all the Debtor's Property, Estate and Effects, of whatsoever kind and nature of him the Debtor except such portion thereof as shall not excced the sum of $100 in value for the benefit of all the Creditors of the Debtor in the like manner as if the property so conveyed and assigned had become vested in the Trustee as the Assignee of the Debtor under his the Debtor's Bankruptcy pursuant to" The Bankruptcy Ordinance, 1864," which Deed contains a covenant by the Debtor to pay to the Trustee the sum of $35 montbly until the whole amount of his indebtedness is paid And also a Release to the Debtor from all the Debtor's liabilities.
7. When left for 7. The 8th day of August, 1891.
registration.
I certify the above to be a true Copy of the Entry in the Registry Book of Deeds under "The Bankruptcy Ordinance, 1864.”
C. F. A. SANGSTER, Deputy Registrar.
Hongkong, 8th August, 1891.
CHAS. D. WILKINSON,
Solicitor, &c.,
70, Queen's Road,
Hongkong.
HONGKONG & SHANGHAI BANKING
CORPORATION,
FIFTY-SECOND
REPORT OF THE COURT OF DIRECTORS
TO THE
ORDINARY HALF-YEARLY GENERAL MEETING
OF
to
PROFIT AND LOSS ACCOUNT, HONGKONG & SHANGHAI BANKING CORPORATION.
Dr
30th June, 1891.
To AMOUNTS WRITTEN OFF Remuneration to Directors,.......
To DIVIDEND ACOUNT £1.50 per Share on 60,000
Shares-£90,000 xt 4/6, $200,000.00 Proportion of Dividend
The net profits for that period, including $123,377.54 balance brought forward from last account, after paying all charges, deducting interest paid and due, and making provision for bad and doubtful accounts (except those referred to below), amount to $1,027,646.21.
It is with much regret that the Directors have
recommend the withdrawal of $1,290.901.36 from the Reserve Fund to credit of Profit and Loss Account. This sum is re- quired to make up a total of $1,470,000 to be placed to Contingent Account in order to provide fully for bad and doubtful accounts sustained through the many failures and the depression of trade during the past half-year.
After making these transfers and deducting To DIVIDEND ADJUSTMENT AC- Remuneration to Directors, there remains for which the а Dividend of One Directors recommend Pound and Ten Shillings per Share on the Old Shares, and One Pound Six Shillings and Three Pence per Share on the New Shares, which at 4/6 will absorb $516,666.67.
appropriation $838,547.57, of
The difference in Exchange between 4/6, the rate at which the Dividend is declared, and 3/2, the current rate of the day, amounts to $208,008.65.
The Balance $113,872.25 to be carried to New Profit and Loss Account.
The increase of the Bank's Capital has been successfully completed and it now stands at $10,000,000. The Calls have been fully paid- up and the net premium on the New Shares amounting to $2,490,901,36 has been placed to the credit of Reserve Fund which now stands at $6,300,000.
DIRECTORS.
Mr.W.H. FORBES, and Mr. H. L. DALRYMPLE have resigned. The Directors invited Mr. E. L. WOODIN to join the Board which appoint- ment requires confirmation at this meeting.
Mr. G. E. NOBLE owing to ill-health has retired from foregin service and Mr. F. DE BOVIS has been appointed Chief Manager. Mr. T. JACKSON resumed charge with Mr. E. CAMERON of the London Office on 1st May.
Mr. WADE GARDNER assumed charge of the Shanghai Branch on 1st June in place of Mr. J. WALTER who, at the request of the Directors, will make a tour of inspection prior
to his retirement.
AUDITORS.
The accounts have been audited by the Hon. PHINEAS RYRIE and Mr. FULLARTON HEN- DERSON.
Owing to increase of work the Directors recommend the election of a third auditor. J. S. MOSES,
Chairman.
Hongkong, 6th August, 1891. ABSTRACT OF ASSETS AND LIABILITIES, HONGKONG & SHANGHAI BANKING
CORPORATION. 30th June, 1891.
LIABILITIES.
Paid-up Capital,
$10,000,000.00
Reserve Fund,
Premium on New Shares,
$5,100,000.00
2,490,901.36
7,590,901.36 250,000.00
117,664,409.82
Marine Insurance Account, Notes in Circulation,...$ 6,247,958.56 Deposits.
111,416,451.26
Bills Payable (including Drafts on London Bankers and Short Sight Drawings
נוס
London Office
a.ainst Bills Receivable and Bul- lion Shipments),...
Profit and Loss Account,
Cash.
ASSETS.
21,357,070.59 1,027,646.21
$157,890,027.98
$29,959,619.99
SHAREHOLDERS
TO BE HELD
AT THE CITY HALL, HONGKONG, On Saturday, the 22nd August, 1891,
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 30th June, 1891.
INVESTMENTS, viz.:-
£100,000, 24 per cent. Consols. £150,000, 3 per cent. Indian Gov-
ernment Sterling Loan.
The above lodged with the Bank of England as a Special London Reserve,
$1,480,519.48
Rs. 5,725,000, Indian 4
per cent. Govt Loan, 2,562,418.02
Bills Discounted, Loans and Credits, 62,697,031.39
Pank Premises, Dead Stock,....
ills Receivable, .
4,042.937.50
6 1,047,094.57
1,021,696 60
121,647.93
$157,890,027.98
on 20,000 New Shares at £1.6.8 per Share= £26,250 ai 4/6,
COUNT:-
116,666.67
Difference in Exchange between 4/6, the rate at which the Didend is declared, and 3/24, the Current rate of the day,
10,000.00
516,666.67
208,008.65
To CONTINGENT ACCOUNT:
Amount set aside to meet losses,... 1,470,000.00 To BALANCE carried forward to next half-year, ........................................................
Cr.
By Balance of Undivided Profits, 31st December, 1890,
$120,877.54
I
By Amount of Net Profits for the Six Months end- ing 80th June, 1891, after deducting all Ex- penses and Interest paid and due,............ 907,268.67 By Amount transferred from Reserve
Fund,
RESERVE FUND.
To Amount transferred to Profit and
Loss Account,
To Balance on 30th June, 1891,
By Balance....
By Premium on New Shares,
F. DE BOVIS, Chief Manager.
118,872.25
$2,318,547.57
-$1,027,646.21
1,290,901.86
$2,318,547.57
.$1,290,901.36 ..... 0,800,000.00
$7,590,901.86
$6,100,000.00
2,490,901.36
$7,590,901.36
V. A. CESAR HAWKINS, Chief Accountant.
J. S. MOSES,
ST. C. MICHAELSEN, >Directors. A. MCCONACHIE,.
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.
PRYBIE, F. HENDERSON, Hongkong, 6th August, 1891.
T
NOTICE.
Auditors.
HE Partnership hitherto existing between DANIEL EDMUND CALDWELL and CHARLES DAVID WILKINSON, Solicitors, is Dissolved as from the 1st day of June, 1891, and the business will be carried on in the same Offices, No. 70, Queen's Road, by the Undersigned alone.
CHAS. D. WILKINSON. Hongkong, 23rd July, 1891,
N
A. G. GORDON & Co., LIMITED.
OTICE is hereby given that at an Ex- traordinary Meeting of the Company held on the 28th day of July, 1891, a Special Resolution was passed for the voluntary wind- ing up of the Company.
A. G. GORDON, General Manager of the above Company.
Hongkong, 31st July, 1891.
Printed and Published by NORONHA & CO., Printers to the Hongkong Government.