178,800.00
Accounts payable
Ba'ance of profit and loss account
10.80 348.10 5,212.40
31st Dec., 1895.
Value of four stramers and five-cighths of
Fatshan...
$184,371.10
Value of wharves
Value of cargo.boat and wharf cargo shed.
Flet Dec., 1895.
January 30, 1896.]
AUDITORS.
The accounts have been audited by Messrs. Thos. Arnold and W. H. Gaskell, who retire, but offer themselves for re-election. Mr. Gaskell was ap- pointed auditor in the place of the late Mr. R. Lyall (deceased).
Hongkong, 17th January, 1896,
F. HENDERSON, Chairman.
BALANCE SHEET, 31er December, 1895.
31st Dec., 1893.
LIABILITIES.
Authorized capital, 6,000 shares of $50 each- $300,000, of which 5,960 alloted $30 each paid-up
Dividends outstanding
$
C.
CHINA OVERLAND TRADE REPORT.
it was resolved to reduce the capital of the Company to $1,200,000 by returning to share. holders S5 per share, thus reducing the fully paid-up amount of the shares from $20 to $15; and the necessary steps are being taken to carry this resolution into effect.
The Directors deeply regret the death of Mr. Poon Pong, a member of the Board,
The retiring anditors, Messrs. A. O'D.| Gourdin and F. Henderson, offer themselves for re-election.
E. R. BELILIOS, Chairman.
Hongkong. 22nd January, 1896.
1,000.00
DIRECTORS,
95
The Hon J. J. Keswick and Mr. J. Si Moses have ing left the colony, the Hon. J. J. B Irving and Mr. M. D. Ezekiel have been invited to join the Board in their places respectively.
The Hon. C. P. Chater and Hon. J. J. Bell-Irving retire by rotation, but offer themselves for re-election. The appointment of Mr. M. D. Ezekiel requires comfirmation.
AUDIT.
The accounts have been audited by Mr. Fullarton Henderson, who now retires and offers himself för re election.
A. SHELTON HOOPER, Secretary to the Hongkong Land Investment
and Agency Co., Id., General Agents, The West Point Building Co., Limited. Hongkong, 17th January, 1896.
BALANCE SHEET TO 31ST December, 1895.
LIABILITIES.
ASSETS.
$
C.
000,000.00
20,000.00
Cash
Cost of
property
$ 12,954.94 160,639.10
C
Value of iron lighter Sun Lee
10,000.00
314 Dec., 1835.
*
Value of coal and stores.
3,662.57
Prid-up empitul
500.000.00
Value of spare gear
9.332.67
Accounts payable
487.74
51 per cent, mortgage debentares of the Hong-
Value of furniture
750.00
The Hongkong Land Investment and Agency
kong and Kowloon Wharf and Godown Co., Limited
Value of shares in publie companies
10,000,00
Chinese bonde
Fire insurance unexpired
33.28
Loans on mortgage
157,650,00 1.034.48 838,475.00
Co.. Ll.. mortgage on the Company's property 110,000.00 Balance of profit and loss account
8,944,78
|
Accounts receivable
743.78
Property foreclosed
53,58100
8619,432.52
$184,371.10
Cash with the Hongkong and Shanghai
PROFIT AND Loss Acrotxt, 31 DECEMBER, 1895.
31st Dec., 1895.
Dr.
To charges
To Crown rent and rates
To fire insurance
To commission to agents
To repairs
Fixed deposits with the Hongkong and
Shanghai Banking Corporation
Banking Corporation on current account Interest necrued to date
345,000,00
26,987.62
31st Dec. 1897. Cut of property Cush
A'SETS.
C.
611,830,80 6,998.35
$
C.
343.36
Sundry debtors
1,354.78
88.68
600.00
436.80
31st Dec. 1895
4,037.18 13,642.86
Accounts receivable
603.37
$619,452.52
$2,405,972.37
PROFIT AND Loss Acer NT.
LIABILITIES.
܀܂
Dr.
To balance to be appropriated as follows:---
Dividend of 20 cents per share
Directors' fees
Auditors' fees
To be carried to new profit and
los account
1st Jan., 1895.
('t.
By balance brought forward
31st Dec., 1895.
By rents
By interest
By scrip fees
$4,768,00
150.00 50.00
244.40
9,212.10
Unclaimed dividends
$8.636.02
Sundry creditors
Amount of capitul. 80,000 shares of $2)
each, fully paid up
Amount at credit of depreciation and insur
ance funk
Amount at credit of equalization of dividenfl
fund
Investment fluctuation account
1,600,000,00
31st Dee.. 1893.
To fire insurancd
To charges
663.23
#47.57
I
600,000,00
Ho interest
9,000.00
12, B38.64
To Crown rent and rates
To coautuission to Agents
To balance to be,appropriated as follows:-
Directors fers
3.809.16
7,646.18
723.20
* 500.00
1,686.40
Auditor's fee
50.00
28,782.97
Amount at credit af profit and loss necounț.
134,064,86
Dividend of 60 cents per share Balance to be carried to new account
7,500,00
89178
c.
47.21
$2,403,972.37
6,847.79 1,068.02 73.00
PROFIT AND Loss AccoUSTÍ
31st Dec. 1895.
Dr.
1st Jan.. ING,
Cr.
To amount paid for repairs:–
By balance brought forward
8,944.78
$22.136.12
C.
. 2.812.07
To steamers
To wharves
To lighters
$23.4 10.77 1.228.79 68.02
1st Dec.. 1895.
By rents
By scrip fres
24,737658 3,250.00 112.60
19,283.05
41,00
$22,136.12
$8,036.02
HONGKONG, CANTON, AND MACAO STEAMBOAT CO., LIMITED AND REDUCED.
The following is the report of the Board of Directors to the ordinary half-yearly meeting of shareholders to be held at the office of the Company on Friday, the 31st Jaunary-
1
The Directors beg to submit to the share. holders the report and statement of accounts for the half year ending 31st December last.
To directors' and auditors' fees
To amount of bad debt written off
To balance to be appropriatol, viz. :- Dividend at 62 per cent. on
$1,600,000
$104,000.00 To be written off value of steamers 45,000.00 To be carried to new account
5,06136
154,064,36
$182,161.58
$ e. By amount brought forward froon last acepunt 31,063.19 31st Dec., 1895.
30th June, Is95.
By net earnings of steamers By interest on investments By transfer fees ..........
After paying running expenses, salaries, premia of insurance, and all other out-goings. there remains, including $31,065.49 brought forward from last account, the sum of $154,064.36 at credit of profit and loss account. From this amount the Directors recommend that a dividend for the half year of 6 per cent. To balance on capital or $104,000 be paid to shareholders, that $45,000 be written off the value of steamers, and that the balance of $5,064,36 be carried forward to new account.
The steamer's earnings compare very favour- ably with those of the corresponding six months of 1894, the net result, notwithstanding a con- siderable increase of running expenses, showing an improvement of about $33,000.
During the half year under review the Powan has undergone considerable repairs, the principal item being a new keel plate. The Heungshan also was docked twice for painting and repairs. All the steamers of the Company are in good running order.
The increase in value of the Company's share investments has been passed to a special account called "investment fluctuation account," and will be available to meet any future depreciation of values.
Messrs. Palmer and Turner have re-valued the properties mortgaged to the Company and con- sider them good security for the amounts loaned. At extraordinary meetings of shareholders held on the 30th September and 16th October,
31st Der., 1893.
(r.
109,123.98 41,426,61 216.50
$182,164,58
e.
HONGKONG BRICK AND CEMENT CO., LIMITED,
An extraordinary general meeting of the Hongkong Brick and Cement Co., Limited, was held at the registered office, 9. Praya Central, on the 28th Jan, at noon. Mr. R. Shewan pre- sided, and there were also present-- Messrs. W. H. Potts, W. Shewan, C. A. Tomes, A. G. Stokes, B. S. Benjamin. J. S. Watte, F. J. Jorge, G. H. Potts, C. M. Adamson, and W. A. Diff (Secretary.)
į
The SECRETARY read the notice calling the meeting, which was for the purpose of con. firming the following as a special resolution- That the Hongkong Brick and Cement Com- 600,000.00 pany. Limited, be wound up voluntarily under the provisions of the Companies Ordinances Aud that Creasy Ewens, of Victoria, in the colony of Hongkong, be and he is hereby appointed liquidator for the purposes of such winding up."
600.000.00
30th June, 1895. By amount at credit
DEPRECIATION AND INSURANCE FUND. Jr.
Cr.
EQUALIZATION OF DIVIDEND FUND. 31st Dec., 1897,
Dr. To balance 30th June, 1595. By amount at credit
、
e.
9,000.00
Cr.
9,000.00
1865 to 1890,
The CHAIRMAN -Gentlemen, you have heard the object of this meeting, which is to confirm the resolution just read. I propose that the re-
THE WEST PINT BUILDING CO., solution passed at the extraordinary general
LIMITED.
General Agents to the ordinary meeting of The following is the seventh report of the
Victoria Buildings, on Monday, 3rd February :- shareholders to be held at the Company's office,
meeting held on the 11th January be now confirmed.
Mr. BENJAMIN seconded. Carried.
The CHAIRMAN That is all the business, gentlemen.
Gentlemen, The General Agents now submit to lance sheet for the year ending 31st December, 1895. you a statement of the affairs of the Company and
The Mercury, in the course of an article on the future of Shanghai and the extensive land
brought forward from the previous year, amount to
The net profits for the year, including the amount buying and wharf building that is going on, says it believes that even now the Consular an- $3,914.78, and, after writing off directors and audi-thorities have nuder their consideration the ques tor's fees, it is proposed to pay a dividend of 60 cents tion whether the Settlements shall be extended per share, and to carry forward the balance of $894.78 to the point five miles from the Band or to to credit of new profit and loss account.
Woosung, about ten miles from the Bund.