86
ABSTRACT, OF ASSETS AND LIABILITIES ON THE 30TH JUNE, 1895.
Paid-up capital
Reserve fund ...
LIABILITIES.
Marine insurance account
Notes in circulation.. Deposits :- Silver
c.
.$8,896.069.71
Sterling, £3,300,107.13/-30,908,325.32
Bills payable (including drafts on Lon- don bankers and short sight draw. inge on London office against bills, receivable and bullion shipments) Profit and loss account
Cash
THE HONGKONG WEEKLY PRESS AND
and Government survey. All the steamers are in good running order. The amount for repairs to $ C. wharves is almost entirely for work done to the 10,0:0,000.00 Company's wharf at Canton.
5,000,000,00 On leaving the colony Mr. J. J. Keswick resigned 250,000.00 - his seat on the Board, and the Honourabl · J. J. 9,543,171.26 Bell-Irving was invited to fill the vacancy, subject to
shareholders' confirmation at this meating.
119,804,3956
20,766,669.14 1,763,802.38
In accordance with the articles of association the
Honourable E. R. Belilios and Mr. J. Kramer retire from the Board of Directors by rotation, and, being eligible, offer themselves for re-election.
Messrs. A. O'D. Gourdin and r'. Honderzon, the retiring auditors, aleb offer themselves for re- election.
E. R. BELILIOS, Chairman. Hongkong, 24th July, 1895.
ASSETS. Value of 4 steamers and ths of Fatshan. $ 44,664,055.59 | Value of wharves
$167,123,037.84
30th June, 1895.
ASSETS..
Bullion in hand and in transit
Investments, viz. :-
£250,000.0.0 24 per cent. Consola lodged with the Bank of England · as a special London
reserve
£539,700.0.0 Consols and
C.
6,726,394,02
Value of cargo-boat and wharf cargo shed Value of iron lighter Sun Les
Value of coal and stores...
RAUB.
[August 1, 1895.
The mining manager's report for the four weeks ending the 11th July, 1895, raus as follows:-
Raub Hole Secton.-No. 2 Shaft. This is now sunk to a depth of 69 feet below the 120 feet lovel The work of sinking is proceeding slowly, owing to the extreme hardness of the ground and the large quantity of water we have to contend with. We are also troubled a good deal with foul air issning from orevices in the rock. A good deal of time is lost from this cause, as lights cannot be got to burn until the gas cases off each time a fresh fissure is out. We are still sinking in hard diorite with calospar 900,000:00 leaders mixed through it. There is no change 20,000.00 in the stopes. We are raising a fair quantity 1,150.00 of ore from them, both north and south from the 10,000.00
winze. The whole of the faces show fair gold. 5,116.89 4,133.11 This is the only work being carried on in thịs
750.00 section. 176,231.06 1,034.48
Value of spare gear ........
Value of furniture
$ 1,900,000.00
C.
Value of shares in public companies
Chinese bonds (at par)
Loans on mortgago ...............
993,975.00
other sterling securi- ties...
Property foreclosed
53,500.00
5,054,751.22
6,954,751.22
Fixed deposits with the Hongkong and
Shangbai Banking Corporation
125,000.00
60,036,310.14
995,793.89
47,650,726.98 Cash with the Hongkong and Shanghai Banking Corporation on current account Premium on unexpired policies...
38,318.21
11,749.56
100,000.00
Interest accrued to date.. Sundry debtors
3,811,73
$167,128,037.81
Bills discounted, loans, and credits.
Bills receivable
Bank premises
Dead stock
PROFIT AND Loss. AccoUNT, 30TH JUNE, 1895.
9,625,17
$2,354,395 21
600,000/00
9,000,00 4,579.60 13,750 12
127,065,49
$2,354,305,21 |
Dr.
$
30th June, 1895.
· LIABILITIES.
0.
To amounts written off :-
Amount of capital, 80,000 shares of $20
Remuneration to directors
15,000.00
each, fully paid-up.
$
1,000,000:00
C.
To dividend account:—
£1.5 per share on 80,000 shares
£100,000 at 4/6
Amount at credit of depreciation and in-
surance fund
414,414.44
Amount at credit of equalization of divi-
dend fund
To dividend adjustment account :-
Unclaimed dividends
Difference in exchange between 4/6, the rate at which the dividend is declared, and 2/1, the rate of the day
Sundry oreditors
492,140.92
Amount at credit of profit and loss ac-
count.
To transfer to reserve fund
500,000.00
To balance carried forward to next half-
year
312,217.02
$1,763,802.38
C.
30th June, 1895. To amount paid for repairs :---
To steamera
PROFIT AND Loss AccouNT.
Dr.
0
To wharves......
To lighters
18,951.08 1,045.80 +276.83
Cr.
By balance of undivided pro-
fits, 31st December, 1894. $129,665.61
By amount of net profits for the six months ending 30th June, 1895, after making provision for "bad and doubtful debts, deducting all expenses and interest paid and due
1,634,136.77
To directors and auditors' foes To balance to be appropriated, viz. :——-
Dividend at 6 per cent.
-$ $1,600,000
96,000.00 To be carried to new account. 31,065.49
Cr.
on:
C.
By amount brought forward from last ac-
count...
1,763,802.38
$1,763,802.38
RESERVE FUND.
To balance
$ 5,500,000.00
31st Dec, 1894.
$5,500,000.00
30th June, 1895.
By interest on investments
.$5,000,000.00
500,000.00
$5,500,000,00
stocks By transfer fees
By balance, 31st December, 1894 By transfer from profit and loss account.
THE HONGKONG, CANTON, AND MACAO STEAMBOAT CO., LIMITED.
The following is the report of the Board of Directors to the ordinary half-yearly meeting of shareholders, to be held at the offices of the Company, on Saturday, the 3rd August, at 12 o'clock noon :-
The Directors beg to submit to the shareholders the report and statement of accounts for the half- year ending 30th June last.
After paying running expenses, salaries, premia of in. surance, and all other outgoings, there remains, includ- ing.$17,751.86 brought forward from last account, the sum of $127,065,45 at credit of profit and loss account. From this amount the Directors recommend that a dividend for the half-year of 6 per cent. on capital, or $98,000, be paid to shareholders, and that the balance of $31,065.49 be carried forward to new account.
By not earnings of steamers
By appreciation of investments in local
DEPRECIATION AND INSURANCE 30th June, 1895. To balance
31st Dec., 1894. By amount at credit
Dr.
Cr.
20,273.71
Bukit Komau.-Fair progress is being made with sinking the engine shaft, which is DOW down 48 feet below the 146 feet level.
The ground is blank slate, which is fairly good for blasting, and the water is a little less owing to the dry weather. We have sunk 13 feet and timbered 24 feet during the month.
The stopes are still being extended both north and south and show the same favourable develop- ment in both ends. There stopes are now opened out for over 250 feet along the back of the level, and show a lode from 10 to 24 ft. wide the whole distance. The whole of this is being sent to the battery for crushing. There is no change in the prospects, as a month's work shows very little difference in this great lode. All the workings and machinery are in first class order.
Western Lode.The only work going on here is in the stopes between the north and south winzes and north of the north winze. The lode between the two winzes is looking remarkably well and shows good gold the whole distance, about 200 feet. The stopes north of the north winzd do not show so well. The lode varies from 1 to 7 ft. wide and will average 3 ft. the full length of the stopes. A fair amount of crushing stuff has been sent to the mill from these stopes during the month.
Battery.This has been kept steadily at work 3,2500 during the month. On the 1st inst. a general clean-up took place for a yield of 1,433 oz. 12 grs. of smelted gold from 2,570 tons of ore milled, being an average of of 11 dwts. 14 grs. per ton. 127,065.49 | The following are the proportions crushed from the different sections of the mine. Bukit $150,589 20
Komau three-fifths, the remaining two-fifths as followsWestern lode two-thirds, Raub Hole No. 2 shaft one-third. This is a slight improve- 17,751.36ment on our last return. You will note a dis- crepancy in the number of tons given here and 81,128.04 that reported by telegram, of 160 tons; this was 40,910.46
owing to an error in making up the quantity in 10,272.84 a hurry. The mill resumed crushing again on
220.50 the 3rd inst.
$150,589,20
FUND,
C.
600,000.00
Railway. Steady progress is being made with the work. I am in the hopes of having the whole formation of the line completed, including bridges and culverts, to Bukit Malacca by the end of this month. We are being greatly delayed with the work for want of railway $600,000.00 material. There are now about 220 coolies em- ployed on the work. The boiler of the locomotive $ 0.
is on the ground, and I expect the remainder of 600,000.00 it daily.
$600,000.00
EQUALIZATION OF DIVIDEND FUND. 30th June, 1995.
Dr. To balance
31st Dec., 1894. By amount at credit
Cr.
W. LIBBY,
Mr. W. Bibby returns to Raub to-morrow, $ C. says the Singapore Free Press of the 19th inst. -9,000.00 | IIT expects that in a few weeks from now the railway material now going up via the Bilut $9,000.00 will be all in position on the permanent way,
$
c.
$9,000.00
R
which is now ready for the rails. The locomo- 9,000.00. Live is re-erected, and the tip.waggons to be used are a useful lot, picked up cheap in Singapore, of forty, as good as new. Not only will this line to Bukit Koman be able to keep the battery well supplied with stone and do away with the present slow and expensive system of carting by bullock draught, but it will also enable the beavy expenses for carting firewood to be reduced to next to nil, as it will now be possible for the woodcutters to fell trees at any suitable places all along the line and stack their billets at the railway side to be picked up by the waggons and run direct to the battery engine-house. As there are six
As compared with the corresponding period of 1894 the gross earnings show a slight increase, but the higher cost of coal and stores, and the additional expenses
The Chuwo Shimbun hears that Mr. Tejima of special insurance against torpedo risk and torpedo pilotage fees have rather more than absorbed the Eishichi, of Nagoya, and a number of his friends difference. In addition to all this the earnings of the have arranged to establish a gassed cotton yarn Hongkong-Macao line suffered considerably during mill at Ichinomiya, Aichi Prefecture, and are the last nine weeks of the half-year in consequence taking steps for the purchase of suitable ma- of the outbreak of plague at Macao and the prohibi- chinery and plant. The number of spindles will tion of immigration of Chinese from that place.
During the six months the steamers Heungshan, be 10,000. This is said to be the first gassed Honam, and Fatsħan have been docked for overhaul I yarn mill project in Japan.