0.
380,671.94
4,068,720.72
2,105,100.60
Furniture, stationery and stamps.
37,795.29
Adjusting account (exchange and interest)
689,806.49
156
ASSETS.
fash on hand and at bankers Government securities belonging to the bank 601,333.34 Bills receivable, loans and advances Billa for collection receivable and branch
balances
THE HONGKONG WEEKLY PRESS AND
Value of rope, hemp, &c, in godown Value of rope on consignment $52,108 68 Less advances on same...... 39,874.03
Fire insurance premia account, 1898..... Hongkong and Shanghai Banking Cor-
poration, current deposit......
[February 26, 1898-
73,922 21
Sundry creditors
Balance of profit and loss account
12,2.4.65 1,010.03
8,583.66
-43,506.85
8251,620.41
PROFIT AND Loss Accoust, 31ST DECEMBER, 1897,
5,978.14
To labour, material, and working expenses...8110,548.71
Cash on hand
To salaries
969.15
10,148.67
$7,874,443.38
Cash at factory
To Crown rent and taxes
25.00
1,657.78
Sundry debtors..
To fire insurance
264.70
7,490.'8
PROFIT AND Loes ACCOUNT, 31ST DECEMBER, 1897
Dr.
$ 123,426.25
To charges, directorss' fees and salaries To balance, to be carried forward to next ac-
.0.
Investment in shares of local companies,
at cost, viz :~~
count
4,523.23
$127,949.45
Cr.
125,349.50
$127,949.18
By balance brought forward from last year... By gross earnings for the year ending 31st
December, 1897..
$ C. 2,599.92
3.0 shares Hongkong Land Investment
and Agency Co., Limited
130 shares China Traders Insurance
Co, Limited
100 shares Hongkong and Whampoa
Dock Co., Limited
64 shares Yaugtsze Insurance Associa
tion, Limited
200 shares Douglas Steamship Co., Ltd.
To amount of bad debts written off. To amount written off plant account To amount written off property account To balance to be appropriated, viz. :—
Auditor's fee
Directors' fee
Dividend of 12 per cent. on
591.32
4,574.24 0,0.0.00
$ 150.00
1,000.00
2150,000
18,000.00
Carried to reserve fund.
7,000,00
Balance to be carried forward to
new account..
17,356.85
76,565.50
43,506.85
$177,292.27
$328,194.66
By amount brought forward from last year's
$ C.
account
CAPITAL RESERVE FUND, 31ST DECEMBER, 1897.
5,310.44
LIABILITIES.
Dr.
To balance
$ 209,496.64
By gross earnings
C.
Capital 5,000 shares at $50 paid up Reserve fund
General Managers
$109,496.84
Sundry creditors
Profit and loss
Cr.
$250,000.00 By transfer fees...
510.01 By interest account 1,123.15 By bonus from insurance office 6,694.20 By profit on sale of Yaumate property. 69,867.31
162,628.34
53.00
* 0.
By transfer from reserve fund
By balance of forfeited shares account
82,000.00 27,498.64
775.01
25.48
8,500.00
$177,292.27
$328,194.66
$109,496.64
HONGKONG ROPE MANUFACTUR- ING CO., LIMITED.
The following is the report for presentation to the shareholders at the fourteenth ordinary general meeting to be held at the office of the general managers ou 7th March, at noon :----
Annexed we have the pleasure to lay before shareholders the annual statement of accounts made up to the 31st December, 1897.
The net profit including the balance brought forward from last year amounts to $69,867.31, which it is proposed to appropriate as follows:--- To place to reserve fund... $10,490.00 To pay a dividend of 2 per cent. 50,000.00 To carry forward to next year's Į
9,377,31 account
This result must be considered particularly satisfactory in face of the fact that we have had to contend with cousiderably increased com- petition on the Japan market where much in- ferior native made rope is being sold.
Consulting Committee. In accordance with the articles of association, Messrs. Gillies, Lewis, Raymond and Shewan retire, but offer them. selves for re-ele. tion. Mr. R. Shewan was re-appointed to the committee on his return to the colony in the place of Mr. C. A. Tomes.
Auditors. The accounts have been audited by Messrs. T. Arnold and F. Henderson, who are recommended for re-election.
}
SHEWAN, TOMES & CO.
General Managers.
Hongkong, 23rd February, 1893.
PROFIT AND Loss AccoUNT FOR THE YEAR 1807. Consulting Committee's fee ........ .$ 2,0 800 Auditors' fee.....
Written of land, buildings, and machin-
ery, as depreciation
Balance
GEO. FENWICK & CO., LIMITED.
The following is the report to be submitted to the annual meeting of shareholders to be held on the 28th February
-
The Directors beg to submit to the share- holders a Statement of accounts for the year ending 31st December, 1897.
The net profit for the year amounts to 838,196.41, to which has to be added $5,310.44, brought forward from last year's account. From this amount it is proposed to pay a dividend of 12 per cent., or $18,000, to share- holders, Anditor's fee $150, Directors' fee $1.000, trausfer $7,000.00 to reserve fuud, and to carry forward the balance of $17,356.85 to next year's account.
The work coming to the Company during ployed, while the new tools acquired and improve- the year has kept the staff and plant fully em- ments in the arrangements of the whole property
have enabled the work to be carried out in & better and more economical manner.
Company has been sold at a satisfactory profit. The Kowloon land which belonged to the
DIRECTORS.
Mr. W. Parlane, according to the Articles of Association, retires at this time, but offers himself for re-electioa.
AUDITOR.
The accounts have been audited by Mr. T. Arnold, who offers himself for re-election.
Wm. PARLANE,
Hongkong, 21st February, 1898.
31ST DECEMBER, 1897.
ASSETS.
Chairman.
THE PUNJOM MINING CO., LIMITED.
The following is the report for presentation meeting, to be held at the office of the Com- to the shareholders at the sixth ordinary general
Saturday next at noon :-- pany, No. 9, Praya Central, Hongkong, on
The Lirectors beg to submit the report and statement of accounts for the year ending 30th September, 1897, which show a balance at credit having been written off the Company's assets of working account of $27,278.65, but nothing since 1894 the Board have deemed it advisable portioned as shewn in the statement annexed, to write off $20,740.90. This sum has been ap and the balance of $6,537.75, has been carried forward to the credit of the new account. Dur- deepened and sunk to the 300 foot level and ing the year the August Shaft has been further
a cross-cut started to go out to intercept the course of the reef. The cost of this work has
been charged to working account.
A new water wheel has also been made at the
in labour. The machinery and plant generally mine to be utilised for doing the haulage at the cyanide works, which effects a large economy are in good working order.
construction of the Company the retiring Directors. In view of the approaching re- Directors (Messrs. J. H. Lewis and C. A. Tomes) remained in office to the 15th November last, the date of the incorporation of the new Company.
Auditors.-The accounts have been audited by Messrs. W. H. Gaskell and W. H Potts, the latter gentleman acting in the absence of Mr. Fullarton Henderson.
D. GILLIES, Chairman.
Hongkong, 15th February, 1898.
BALANCE SHEET, 30th September, 1897.
CAPITAL AND LIABLITIES.
$
C.
-300.00
Value of land and buildings (in
Hongkong) as per last statement $92,000,00 Less written off for depreciation .. 6,000.00
34,649.00 69,867.31 Value of plant and office furniture
as per last statement $106,916.31 | Added during the year
86.0.0.0)
Balance brought forward from 1896
Interest and dividends on investments Exchange.
Balance of working account
5,420 86 95.30 79,916.22
$21,353.93 Less amount written off for depre-
$22,620.24 6,609.00
$29,229.24
Ordinary capital, 6 4,000 shares at
$4.00 each
$24,000.00
Preference capital, 30,000 shares
at $1.00 each..
!
30,000 00
270,000.00
riation
4,574,24
Accounts payable :---
Value of stock in trade
24,855.00 69,859.90
Manager at Punjom
7.523 95
Pekan agency
508 10
Work in progress..
22.323.20
Syme & Co, Singapore agents.
30.03
$106,816,31
I ALANCE SHEET.
ASSETS.
Fixed deposit with Hongkong and Shanghai
Banking Corporation with interest to date .. Current account with the Hongkong and
Shanghai Banking Corporation
James Morrison & Co, Limited,
30,619.18
London agents
371.80
Suspense account
111.05
7,356.69
Deposit account with employées
Less depreciation
Cust of new godowns and ma-
Cost of land, as in last account $50,0:0.00
Value of factory, machinery,
&c., as in last account... $ 24,300 37
chinery purchased in 1897 10,348.63
Cash in hand
203.67
at Punjom...
150.00
10,000.00
Sundry debtors
7,555.15
Insurance
on gold, opium,
£300 remittance in transit for new machines
$10,000.00
3,047.62
specie, etc...
868 35
Directors and auditors' fees....
2,650.00
$251,620.41
Royalty to Cassel Co, Glasgow. Legal expenses
1,291 80
500 00
44,005.08
LIABILITIES.
4.
$134,649 01 Less depreciation . ...... 24,619.00
Capital account, 6,000 shares at $25 each,
fully paid up
Unpaid dividends
1,556.83
Reserve fund
150,000.00 20, 00.00
Balance at credit of working account
6,537.75
110,000.00
Amount received in advance on account of
contracts in hand
$292,099.66
29,550.00
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