Page
112
Mr. STOKES proposed and Mr. POTTS seconded the re-election of Messrs. Arnold and Gaskell as auditors.
Carried.
THE HONGKONG WEEKLY PRESS AND
1895. The accounts for this year show a sit- isfactory fesult so far, the balance of working account being $235,666.14. The shareholders have cause to be congratulated on the moderate losses incurred to The CHAIRMAN-Gentlemen, there seems to date, and the Directors propose that the usnal fu- be no further business before the meeting.terim dividend of $3 per share Le paid. Dividend warrants will be ready to-morrow
morning. I thank you for your attendance.
DIRECTORS.
During the year Mr. A. G. Mood resigned his seat at the Board owing in his protracted absence from the colony.
Messrs. Michaelsen and Siels retire by rotation
THE WANCHAI WAREH USE AND | and offer themselve· for re-election.
STORAGE CO., LIMITED.
The following is the report for presentation to the shareholders at the fifth ordinary annual meeting to be held at the offices of the General Managers on Monday, the 10th February:
The General Managers leg to submit to the share- holders their report on the working of the Company and a statement of accounts for the year ended 31st December, 1805.
AUDITORS.
In consequence of the lamentell decease of Mr. K. all the Directors have appointed Mr W. Hution Peits to act with Mr. J. H. Coxin auditing the ac cm,fits How presented. The gentlemen offer then- selves for re-dection.
A. McCoskene, Chairman.
Balance Sheet, 31st De¢ember, 1895,
LIABILITIES.
Capital account Reserve fund Accounts payable :—
Final dividend for 1894 Bonus for 1894 and sundries
The net profits of last year's working, inchling $1,438,82 hrought forward from last account, amont to $11,706,5, out of which the General Managers, with the approval of the Consn'ting Committee, re- commend to pay a dividend at the rate of eight per Working account, 1895:--- cent., alsorbing $7,800, to place $7.500 to tlæ credit of a reserve fund, and to curry forward the balance of $1,406, C5 to new profit and loss account.
The buildings of the Company are in a fair state of repair.
CONSULTING COMMITTEE.
In accordance with the articles of association, Mr. P. Sache and Mr. H. Stolterfüht retire, but offer themselves for re-election.
AUDITOR.
The accounts have been audited by Mr. F. Hen- derson, whose re d'ection is recommenderl.
MEYER & Co., General Managers.
Hongkong, 31st Jannary, -1896,
LABILITIES AND ARGETS, 31 DECEMBER, 1895.
To capital account: 2,600 shares at $100, of
which $37.50 are paid-up
To mortgages of
To mortgages of .
$140,000,00
20,000,00
To sundry creditors
To balance of profit and loss account
By Hongkong and Shanghai Banking Cor-
poration
By property account
By sundry debtors' account
$ C. 97,500.00
160,000,00
3,645.96
12,406.05
$273.552.01
*
Balance at credit
Cash at Bunkers
ASSETY.
Fixed deposits at Banks:-
C.
400.000.00 875,000.00
$20,000.00 47.474.58
-47,474.58
H'kong & S'hai Bank'g Corp. $200,000,00 Chartered Bank of I. A., & C. 120,000,00 Mercantile Bank of India. Ld.
Investments :--
140,000,00
Chinese Imp. Curt. E. bonde S(08.042.65 Hongkong & Kowloon Wharf
and Godown Co., Limited, debentures
Shanghai Land Investment
Co,, Limited, debentures... Shunghai and Hougkew Wharf
Co., debentures.. Shanghai Waterworks Co.,
Limited, debentures
Loans on mortgage :—
On properties in Hongkong
Inland Lot No. 685:-
Assigned by mortgagor......
100,000.00
49,877.40
41.817.07.
8.472.22
Hongkong Fire Insurance Co., Limited.
C.
10,929.53 260,000.00
Four share
Furniture account :—
2,622.46
Office furniture, &c.
Accounts receivable :-
$273,552.01
PROFIT AND Loss AcrorST, FOR THE YEAR ENDED 31ST.
To balance:-
Anditor's fee
Net profit
DECEMBER, 1895.
Premia due from agencies, interest due
un deposits and investments, &c. .
1895.
Dr.
235,666.14
[February 5, 1896. THE PUNJOM MINING CO., LIMITED.
The Secretary of the Punjom Mining Co., Limited, advises us that he has received the following report for December from the man- ager at the mines:-
August Shaft, 200 ft. level.This point has again received a`good deal of attention and a fair amount of work got through.
So far the quality of the ore has not improved as I had hoped, nor does the reef show that defined appearance I would like to see. This may be only temporary, however. The north
drive on the course of Gillies' reef is still in broken reef matter and of no real value. But as already advised in my weekly letters, we are not yet sufficiently far north to catch the chutes of ore worked in the Mill Gully tunnel.
The drive referred to in my last report which we
were then preparing for has been commenced and 16 ft. 6 in. driven. Already we have crossed a course of ore about 5 ft. wide, which although rather poor is fit for the Mill. This is not the clute we are driving for, how-
erer..
Intermediate Level.--We continue to draw the bulk of the ore milled from the various $1,558,140,72 points at work here and shall do so for some
time yet, as the reef is very wide in places.
$
('.
66.127.17
430,000,00
The drive I spoke about in my last report as having been commenced to go out under the western chute of ore has connected with our old workings and is now ready for use in hand- ling the ore got there. As anticipated, Phillips' Leader was crossed and I am pleased to say it shows fairly good ore. We shall commence to open out on this in the course of a few days. 100ft. Level.-The only work done hers during the month has been in connection with the stoping geing on below this level and consists chiefly of making the necessary pre- parations for filling the stopes coming up from the Intermediate.
New Leader. The many points at work here 306,009,34 have yielded their usual quantity of ore, and so far as can be seen shows no sign of falling off 662.300.00 for some months yet.
20.000.00
322.00
C ́0.00
52,532.21
$1,558,140,72
$
C.
WORKING ACCOUNT, lɛT JANUARY TO 31ST DECEMBER,
To charges account :-
Rent, salaries, legal and sur-
veyors' fees, taxes, stampa, stationery, &c
Directors' and auditors' fees..
To commission account :- Agents commissions
$ c.
To Crown rent and taxes
To interest account
3,570.48 8.948.28
Consulting Committee
* 600.00
100.00 11,706,03
12,406.05
$24,924.81
$ 1,438.82
Ry balance of working account
23,485.99
$24,924.81
To fire brigades account:-
Contributions at agencies, &c To losses account, 1895:-
Claims accruing to this To amount written off:--
Furniture account
year
baid
To balance
By balance from 1894
CHINA FIRE INSURANCE CO.,
LIMITED.
The following is the report for presentation to the shareholders at the twenty-seventh or- dinary meeting to be held at the Company's offices on Wednesday. the 19th February
The Directors have the pleasure to present their annual report and statement of the Company's ae- counts nude up to the 31st December last.
1894. The balance at credit of work-
$60,000.00
ing acount, as per last report, was $146,081.22 Deduct dividend of $3 per
share, paid in 1895 Deduct claims under 1894
policies paid in 1895 Deduct return prentia, &c.,
&c. paid in 1895
44,751.96
2,151.00 106,902.90
Balance of profit
$30,178.26 The Directors propse that this sun be apportioned as follows:-g20,000 to shareholders as a final dividend for the year 1894 of $1 per share, and $19,178.20 as a bones to contributors of premia.
By premium account:-
Cr.
$28,429.31
7.400.00
Net amount of premia collected $259,604.18 11,593.16 Less re-insurance...
Amount at credit, including interest due on
deposits and investments, &c.
By interest account:--
By transfer fee account:-
Amount at credit
35,829.31
630.67
++
Drivage. The total drivage is 475' 6"
Ore mined
1,000 tons made up as follows-August Shaft (762 -
New Leader 1238 Mag-This was carried on during 27 days, crushing 1 tons, yielding 431 ozs. 5 dwts.
Genera!.-The usual attention has been given to the many requirements coming under this head. New roads into the jungle to reach our firewood reserves have been made and all surface work kept in good repair a by no means light matter at this time of the year.
New houses for our fitters and menders have been built, and a contract let and work began on a cattle shed at Lipis for housing the bullocks we are compelled to send there, through want of feeding ground on or near the mine.
A site is being prepared for a reverbatory furnace for calcining our heavier concentrates, 18,505.25 and I am hoping to see it ready for use by the end of the coming month or very soon after. The second mill-mate has arrived and is now at 44.877.30 his duties; the two European watchmen en- gaged should be here in the course of the com- 78.46 ing week.
233,666.14
$335,647.13
$
c.
248,011.02
87,418:04
218.07
$335,647.13
A dance given by the ladies of Shameen to the Shameen community took place on Thursday night at the Assembly Rooms. Great taste and discernment were shown in the decoration of the rooms and the arrangements for the camfort of their guests by the charming hostesses, and all present enjoyed themselves thoroughly.
Gold Stealing-We secured convictions in six of the seven cases sent down for trial, but I regret to say this has not had the effect of en- tirely suppressing the evil. We have had two other cases during the present month. I have: written the Government in this connection, and have reason to think that more severe sentences will be inflicted in the future.
Labour.---This continues fairly plentiful of its kind, but I see we are losing many of our old Chinese hands.
Health. This, owing no doubt to the con- tinued wet weather, is not nearly so good as could wish.
J
Rainfall. During the month the total rain- fall was three and three-eighths inches (3′′ 3/8).
17
Not less than 80 varieties of water microbes -some of them probably new to science have been found by M. N. van der Sleen during an investigation of Amsterdam's water supply No cholers covering more than four years. bacilli were at any time found.