312
JELEBU MINING AND TRADING
ANONS COMPANY, LIMITED.
THE HONGKONG WEEKLY PRESS AND
REPORT OF THE DIRECTORS. Gentlemen,-Your directors beg to submit a statement of the Company's accounts for the period from 13th February, 1896, to 9th August, 1896, being the first half of the eighth year of the Company's existence by the Chinese calendar.
JELEBU.
Mr. Bibby's report on the Rin Lode has al- ready been published. The preliminary report, by German metallurgists, on the twenty-five tous of lode stuff referred to in last report has been received. The substance of it is that, after first wet concentration, fully 54 per cent. dry weight of crude ore was shown, and that, after roasting and second wet concentration, nearly 4 per cent, dry weight of the crude But a further report, to be ore was shown.
BALANOR SHEET FOR THE HALF YEAR ENDED 9TH August, 1896. LIABILITIES,
To capital fully paid 45,000 shares at $5 each... $225,000 803 Dividends unpaid .
Unpaid charges and sundry creditors..
ASSETS. JELEBU.
Houses and coolios' quarters and godowns, $2,845 513 Additions to property
$3,327 21
Lass sales
Less 25 per cen'. written off
-
House and godown furniture, trade uten-
sils, plant, waterways, and roads
Additions
confirmed by other experts, is promised later. Less sales
The directors think that, in light of these prospects of successful lode mining,
they
|
25 bullocks and 8 carts
$3,246
811
$3,871 364
$4,035 173
$3,862
579
Depreciation written off
$620 303
$307 230
Depreciation written off
$537 187
Stores in stock for sale to miners Balance of advances to miners
23,042 10,000
Ore bags
might be justified in now looking on the Rin Less 15 per cent. written off Lode as an asset of some value; nevertheless, they have written off the money spent on developing the mine during the half year. The sum so written off is $3,611. The outlay would have been considerably larger but for the fact that all tin won during the operations Careful has been credited to this account. calculations will be made, when the final report lode shall be arrives, before deciding that the worked.
As regards the 'alluvial mines, the sum of $10,000 has been writen off from advances to miners. That sum is slightly in excess of the manager's recommendation.
MALIWUN.
The initial stages of occupying this concession may now be considered as over, and the manager has been instructed to revise the accounts accord- ingly. For some time, however, a small business is all that can be expected. All assets have been taken at a low valuation; and all other charges have been transferred to Maliwun Con- cession account, which now stands at $40,000. That sum does not represent a real asset unless the concession proves to be of future value.
By
The North Hill range has been further pro- spected, and the prospects, so far, look favour- able. The prospector reports large tin deposits in the hills," and a small parcel of lode stuff is being prepared for shipment to Europe for a trial orushing.
I
The receipts of ore from the alluvial mines have been double those of the previous half year.
The Burmah Government are assisting the Company in every reasonable way in opening up the country. They are making roads, have started a postal service, and are now arranging for telegraphic and steamer communication, of which the latter is the more important. A. regular steamer from Penang with Maliwun as terminus will attract coolie immigration and tend to local development.
GENERAL.
The prospecting, both in Jelebu and Mali- wun, is being conducted on an estimate ap- proved by the directors. The sums so far sanctioned are $4,764 for Maliwun and $2,843 for Jelebu, both for six months.
The managers, both in Jelebu and in Maliwun, have been instructed not to give any more advances to miners without the express sanction of the directors. That is considered necessary, as the present low price of tin makes such advances too risky.
Additions to stock..
Less written off as doubtful,
Ore in stock on 9th August * Cash in manager's hands at Jelebu Sundry debtors
Maliwun concession. Less written off.
MALIWUN.
....... $51,485 11,485 Buildings, plant, furniture, boats, carts and
bullocks, and ore bags. Stock of provisions, stores, opium, and medicines
for sale to miners' Ore in stock
Balance of advances to miners Less written off as doubtful
Cash in manager's hand Sundry debtors
GENERAL.
$15,834.94 10,834.94
ᄆ
4,000
$230,137
Cash in hands of General Ageats Amounts on fixed deposit and balance of current
account with the Co.'s bankers Sundry dobtura
Balance of profit and loss,
2,434
[October 22, 1896.
H.K CRICKET CLU
1ST XI, ALL COMERS.
above ing to
fro the
In the opening match played un title last Saturday the multitude precedent, but doubtfully sound principle, took first innings. To judge, however many long waits between the fall of the wickets, they seemed to be as sheep without a shepherd From 11.80 to 3,45 p.m. the first eleven overstrong in bowling were kept in the field of very varying getting rid of 24 batsmen of ve style and calibre. Ecoles's lobs worked great havoc at first and got rid of Ward and Davies, two dangerous men. Then came a long stand by Boden and Morcom, which produced 65 runs and some of the best batting of the day Boden playing in an easy and effective fashion, and making 51 out of 68 scored at the fall of his wicket. Both fell victims to Mast. Later on Langhorne made a promising debut, whilst Holland (who batted in taking style) and Tomes and Anderson each scored over 20. Mackenzie, though he did not score heavily, played a few of the best overs of the day and showed defence combined with hitting power. Crawford was miserably run out by his vis-à-vis and several 317 others also for various reasons just missed their century by a hundred Amongst the novelties of the season we expect to find useful additions in Langhorne, Mackenzie, Ward, and Craw- ford; at the nuts the form of the players has been good and it is hoped that any bad luck that attended them on Saturday will merely stimulate them to efface its remembrance.
3,282
350 7,317
13,042 14,913 1,716
40,000 8,710 0,762 10,458
Tired, and with only an hour and a half to wipe out 211 runs, the sole chance of the XI. was to play for a draw, which was just achieved 364 by an effective stand by Thresher and Smith for the last wicket. It was evident that many of the XI. had not yet played themselves into form or become familiar with the pace of the ground. Of course the net-work of fielders—“a mighty maze yet not without a plan "—pre- vented free scoring, and ground driving or out of bounds hitting were the right tactics. Ecoles as an exponent of the latter and Johnstone of the former method were good models for rising 5,000 cricketers of like propensities to observe, not to 841 slavishly iniitate, mark. But for the play of the two last men, the XI. would have had to put up with defeat, from which Thresher's hard and 23 safe (says Davies) hitting rescued them. The XXII. had a fair quintett of bowlers in Davies, 107,599 Langhorne, Mackenzie, McNeill, and Bennett. the first named having the excellent average of five wickets for 27 runs, whilst Mackenzie. secured two for 6 runs apiece. Speaking gener ally, there was a healthy tone of seriousness about Saturday's cricket, and a happy absence of that jeering (often misspelled “cheering. which usually marks the failures or successes of popular veterans who play cricket of its own sake and not for the amusement for their de- generate coevals or juniors in the pavilion..
67
154 6,781
$230,137
* All the Jelebu ore has since been sold and delivered, and the valuation is based on the proceeds. PROFIT AND Loss ACCOUNT FOR THE HALF YEAR ENDED 9TH AUGUST, 1896.
To 25 per cent. written off from buildings and
plant
15 per cent. written off from furniture and trade
utensils
Depreciation written off from ore bags Cost of prospecting General charges at Jelebu General charges at Singapore, directors'
fees... Auditors' fees, stationery, painting, etc... Agents' commission
$1,200
228 1,045
Amount written off from Jelebu advances as
doubtful Written off from Maliwun concession
By balance from last account
Less transfer to reserve fund
The working expenses have been considerably Royalty and profit on ore and tin reduced during the half year. ACCOUNTS.
After writing off $11,485 from the Maliwan Concession, $3,611. for Rin Lode development, $10,000 from Jelebu advances to miners, and after writing off the reserve fund of $10,000, the profit and loss account stands with a debit of $6,781.
Profit on stores and general business.. Bank interest Reserve fund written off
Balance being loes.........
.............. d. ..
TAONG
$1,492.42 ©
937.84
811
579 187 3,681 3,111
10,000 11,485
A's usual in Hongkong, when a man promises to play cricket at 11 a.m., he does not regard time as of the essence of the contract. Certain players evinced signs of tenacity of purpose, but forgot that tenacity of grasp was an equall important part of cricket. Mounsey Ward, and Tomes were illustrations of these 2,474❘ two kinds of tenacity, displayed some times in combination, sometimes in isolation Then there were some who feared being on the
back of the tummy" as Mr Punch $32,362 puts it, whilst there were many who did
not run after the ball as if a mad terriers were yapping at their heels. The art of run- ing between the sticks was not understo $554
some, who became stage struck, mutter 10,272
it were “To run or not to run : 2,609 2,045 question," which was soon answered 10,000 umpire's emphatic || out;
6,781 age ought to have cured, Parthian-
behind them as they ran and in conse $32,262 | pace and runs. We were glad
absence of any flourish of the bat in to face the bowler, as if it were the ba function to scare flies off the wiel nose. Now, wearied reader, the chie question in Hongkong is, "Are we good cricket season? You momentous question can be
you we addres tively and to that illustrious line whose prototype is wicket
The Foochow Echo of the 10th October says: That amount is proposed to be carried for--Foochow may be going to the wall, but the time is not yet. Five steamers - clear this ward as a debit balance.
afternoon, the Prins Heinrich for the Con- tinent, the Dardanus for London, the Kaisow for New York, the Hailoong for Amoy, and HUTTENBACH BROTHERS & Co., the Hacshin for Shanghai.
General Agents.
J. P. JOAQUIM, Directors. ABNOT REID,
-
again
hom