THE
GKONG WA
HSS AND
The
then
HI CHINA AND SHIP 00.
he
To the
ruth
time the
and disore THE HONGKONG RUPT MANUFAC
earn
Bave and
any have
hardly be
that on
can the
ving, we
com-
He with abundance with many a man since Solomon's tify, who has found out that the of pursuit is often far greater than,
success
? It is to be used, and if used well, has much of it will have enough to do. eful using it will naturally increase, and. this is no longer necessary or desirable, what a supreme joy to be the means of helping others This also needs great pains-taking and care and rich man can find no better · occupation, towards the close of life, than being thus his own executor. The love of money is truly the root of all evil. It contributed, nearly 2,000 years ago, to the most wicked murder recorded in history. It must not then be loved. But what a power for ood. It is the handmaid of music, art, science, and philosophy. It is the incentive to dis- covery. It is the means of securing co-opera- tion the accomplishment of the great works which are the wonder of the world. It in all pervading, like atmospheric pressure. It is the most powerful and effective instru ment which has ever been discovered for over- coming the vis inertia of matter and of men. It is the grand solvent of creation: the lubri cant of all the machinery of life: the universal motive of mankind the means of war and hate, and the power of peace and love. Thanks: to the laborious self-denying and thrifty habits of a
of her people, money is the haracterestio power of the British
to
Her wealthy sons, it has been said, "have but to touch a spring in London to produce a vibration throughout the world, to quicken the march of armies, to frustrate the of kings and statesmen, and per noble exploits of modern times- ose great ocean canals and railways" (and
add telegraphs) which bind. togeth the families of men.”
Mr. Chairman, let us thank God for our money, the sinews of her strength, firmly believe is ranged on the side
truth liberty and peace; and pray beloved Queen and her advisers may inely gui in the use of Britain's
promotion of the best interests
conclusion of Mr. Sharp's
o's lecture said he was sure everyone: ith great attention and great| lecture. Mr. Sharp had given excellent advice which he ker) hoped none would be too old to
fool could ma #money,
good fellow
TURING CO., LIMITED.
The following is the
to the shareholders at the thir general meeting to be held at
pres
General Managers on Monday, 15th
Annexed we have the pleasure to la shareholders the annual statement of accounts made up to the 31st December, 1896.
The net profit, including the balance brought forward from last year, amounts to $71,358.93, which it is proposed to appropriate as follows: To pay a dividend of 20 per cent. $50,000.00. To carry forward to next year's garage
account 2 tu buah b. 121 553.98. In accordance with the intention expressed in the report presented last year, extraordinary meetings were held on the 21st March and 6th April last and the capital raised to $250,000 by transferring $100,000 from the reserve. ~~|
By the reading of Art. XVI as amended last year no permission is given the General Managers to write off anything for 1896 for depreciation, or to set aside anything to reserve. This accounts for the large sum that must be carried forward.
CONSULTING COMMITTEE.
In accordance with the Articles of Associa tion, Messrs. Gillies, Lewis, Ezekiel, and Tomes retire, but offer themselves for re-election. Mr. C. A. Tomes was appointed when Mr. Shewan took his leave.
AUDITORS..
The accounts have been audited by Messrs. T. Arnold and F. Henderson, who are recom- mended for re-election.
SHEWAN, TOMES & CO.
General Managers. Hongkong, 2nd March, 1897.
PROFIT AND Loss Account, for the year 1896. Consulting Committee's fee............... Auditors' fee ......... Balance
Balance brought forward from 1895......... Interest and dividends on investments
Exchange
Balance of working account
Cost of land, as in last account
Additional purchase in 1896–
Value of factory, machinery, de,
as in last account
To
forward
The two running con mishap and
fre
first-h returns were
on quar
the rebellion. October, but the
pres
and sis
effect upon Chinese tra
8000
10 articles Messrs. Gillies, Siebs, Ezekiel, and retire, but offer themselves for
ciation
A Tomes was appointed when Mr. R. Shewan took his
AUDITORS.
The accounts have been audited by J. H. Cox and T. Arnold. Mesars. Arnold are eligible for re-election:
SHEWAN, LOMES & CO
General Managers,
Hongkong, 4th March, 1897
„PROFIT ANDĚLOS: Consulting Com Auditors fé
FOR THE YE 1899
$2,000.00
Charges acco
300.00 Amount written
71,353.93
Balance
$73,653.93
3.486.08 6,960:46: 21.68.
Balance broug Profit on work
forward from 1895
teamers “smeralda
63,185.71
Profit on store
$79,853.93
Bro
transferre from
debta
BALANCE SHEET.
ASHE-TE.
$20,000.00 30,000.00
50,000.00
$95,000.00 29,800.37
124,800.37 64,988.00
$47,575.26 21,637.32
Machinery purchased in 1896
Value of rope, hemp, &c. in godown.... Value of rope on consignment
Less advances on same
Fire insurance premis account 1897-A.AKA Hongkong and Shanghai Banking Corpora
tion, current deposit... Cash on hand. Cash at factory. Sundry debtors
Investment in shares of local companies, at
cost, vis
300 shares Hongkong Land Investment
and Agency Co., Limited.
130 shares China Traders Insurance
50 ah
200
moh
shares Hongkong and Whampoa
ase-Insurance - Association
las Steamship Co., Limited
di Zafiro
Dividend on ctional certificat
Interest and dividends on in
BALANCE SHEET
ASSETS.
ten of
$220,000:00:
$25,000
is per last statem Less depres
25,037.94 Vali of buoya and moorings
559.07
and Hon
Less depreci
979
Value of Blue.Of
on
Hongk Cashcon Invest
Steamsh
400.00
000